We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Dofasco Rejects Mittal's Urgings To Sell In Arcelor Bid

Law360 (November 13, 2006, 12:00 AM EST) -- Merging steel giants Mittal Steel Company NV and Arcelor SA said Monday they will not be able to sell off Canadian tin mill Dofasco Inc., a move they had planned in order to satisfy U.S. antitrust demands.

The boards of both companies had requested the directors of the Strategic Steel Stichting, the Dutch foundation that holds the shares of Dofasco, to dissolve the foundation so that the companies could sell Dofasco.

The Strategic directors instead informed Arcelor and Mittal on Friday that they would not meet...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.