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

Mittal Must Divest Tin Mill To Take Over Arcelor

Law360 (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.
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.