Deadline Passes With No Deal In $1.3B Mittal Mill Sale

Law360, New York (December 12, 2007, 12:00 AM EST) -- Mittal Steel Co. and international investment group E2 Acquisition Corp. failed to meet a self-imposed midnight deadline on Monday, stalling the $1.35 billion sale of a tin mill as part of an agreement with federal regulators to address antitrust concerns.

Mittal, the Sparrows Point plant’s current owner, and Chicago-based steel distributor Esmark Corp., one of the investors seeking to buy the property, said the parties are still trying to salvage the deal, the Examiner reported Wednesday.

The delay was blamed in part on the lack of...
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