Asia wakes-up to Mittal's success story

"Asian stock markets, including the second best performing Bombay Stock Exchange, on Monday saw metal stocks coming to centre-stage aided by the industry's biggest buyout deal between Arcelor and Mittal Steel."

'I am relaxed', says Laxmi Mittal

"Arcelor, which agreed late Sunday to Mittal's sweetened offer after a five-month takeover battle, turned down a rival bid for part of the company from Russia's OAO Severstal in favor of the deal with Mittal, which will create a titan with nearly 10 percent of the global market."

Arcelor says met with Mittal, more talks to come

"Arcelor and Mittal, the world's two largest steel companies, have begun talks about a possible takeover, Arcelor said, more than four months after rejecting Mittal's overtures. To ward off Mittal, the Luxembourg-based company penned a merger deal with Russian peer...

Arcelor rejects Mittal's hostile takeover bid

"Steel giant Arcelor today rejected the 25 billion euros unsolicited acquistion bid by Mittal Steel but agreed to meet officials of the world's largest steelmaker to review its proposal to further improve the offer. The Arcelor Board "unanimously" rejected the offer, saying...

Oligarchs

"Some oligarchs are more equal than others, to paraphrase George Orwell."