Mittal To Sell Mill To Appease DOJ Antitrust Concerns

Law360, New York (August 3, 2006, 12:00 AM EDT) -- Mittal Steel Co. NV will likely sell one of its two tin mills in the United States to comply with a Department of Justice request and pave the way for its $33 billion takeover of rival Arcelor S.A., a move that will create the world’s largest steel manufacturer.

Mittal cannot sell Arcelor’s Canadian tin mill Dofasco legally because of a trust that Arcelor put it in as a defensive measure against the takeover.

The steel company has at least 90 days to find a buyer for...
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