Mittal Family Forges $17.8 Bln Steel Deal
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AMSTERDAM/NEW YORK  - Steel magnate Lakshmi Mittal  on Monday agreed to buy International Steel Group Inc. ISG.N  for $4.5 billion and merge it with his other assets, creating  the industry's largest player at a time when steel prices are  soaring.
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The &quot;bigger is better&quot; mind-set dominating the steel industry reached new heights yesterday when billionaire baron Lakshmi Mittal said he&#39;ll create the world&#39;s largest
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New Delhi, Nov. 28: Billionaire Lakshmi Mittal, fresh from the record-breaking deal that turned him into the world's biggest steelmaker, is scouting in Poland, the Czech Republic and Turkey as he hits the ...
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Ispat International will buy LNM Holdings and International Steel Group Inc., forming the worldâs largest steel firm in a deal worth a total of $17.
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Mittal Steel , seeking to win back  eroding investor support for its bid for Arcelor ,  raised its offer by a third and dropped a key demand for family  control over the combined global steel giant.
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A bitter five-month standoff over the future of European steel group Arcelor wound down when Arcelor directors accepted a sweetened partnership deal with Mittal Steel to create a global steel behemoth.
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Ispat International N.V. (Rotterdam, The Netherlands) agreed to acquire LNM Holdings N.V. Following completion of this transaction, the company will be renamed Mittal Steel Company N.V. Simultaneously, Ispat ...
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America&#39;s biggest steel maker, International Steel Group, agreed to a $4.5 billion buyout bid from a Dutch concern in a multipart transaction that will create the world&#39;s largest steel company.
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Indian-born billionaire Lakshmi Mittal, who made a fortune buying mills from Algeria to Mexico, agreed to acquire Wilbur Ross&#39;s International Steel Group Inc.
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Lakshmi Mittal, boss of Mittal Steel, the world's largest steel producer, is to get a dividend of Â£140m.
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Mittal Steel, the biggest steel producer in the world, announced that it had acquired at least 50 percent of Arcelor shares, the minimum amount Mittal has set for the takeover to go ahead.
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Dutch steel groups Ispat International and LNM Holdings, both run by Indian businessman Lakshmi Mittal, said they had agreed to merge with US International Steel Group to form the world's largest steelmaker.
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Lakshmi Mittal, the steel tycoon, announced a deal to form a $21bn (Â£11bn) giant of the industry yesterday, dubbed the &quot;first super-major&quot; the sector has seen.
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Arcelor CELR.PA said on Friday it   has agreed to buy Russia's Severstal CHMF.RTS to create the   world's biggest steelmaker, in a move that threatens to block   Mittal Steel's ISPA.AS bid for the European group.
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The world's largest steel company, Arcelor Mittal, reports an annual profit of $10.36bn for 2007.
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Steel tycoon Lakshmi N. Mittal announced plans to pay &#36;4.5 billion in cash and stock for U.S. steelmaker International Steel Group Inc., which had been cobbled together by onetime investment banker Wilbur L. Ross Jr. from mills whose parents landed in bankrupcty court.
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NEW YORK (CBS.MW) - UK billionaire Lakshmi Mittal created the world&#39;s largest steel maker on Monday, buying out Wilbur Ross&#39; International Steel Group and merging it with his Ispat International and LNM Holdings groups in a deal worth almost $18 billion.