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...
Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.