Arcelor Deal Cleared In United States: Mittal

Law360, New York (May 12, 2006, 12:00 AM EDT) -- The U.S. Department of Justice has cleared Mittal Steel Co. NV's proposed $26.6 billion hostile takeover of Luxembourg-based rival Arcelor SA, the world's largest steel maker said Friday.

Mittal’s top executives based the U.S. approval on the fact that the DOJ has not issued a request for additional information and documentary material in connection with the transaction.

The European Union plans to make a decision by June 7, the result of a slight delay caused by Mittal’s actions that address possible competition problems uncovered by the...
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