Mittal Must Divest Tin Mill To Take Over Arcelor

Law360, New York (August 1, 2006, 12:00 AM EDT) -- To complete its $33 billion hostile takeover of Arcelor S.A., Mittal Steel Company N.V. must divest one of three North American tin mills in order to comply with antitrust regulations, the U.S. Department of Justice said Tuesday.

The DoJ filed a civil suit in U.S. District Court in Washington, D.C. to block the acquisition and filed a consent decree that would resolve the suit and the competition concerns, if approved by the court.

The acquisition as originally proposed would have substantially lessened competition in the tin...
To view the full article, register now.