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...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.