ISG Steel Is Changing Owners
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(10/25/04) Cleveland-based ISG Steel is about to change hands. The company is being purchased by a privately owned Dutch steelmaker.
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By Christopher Hope, Business Correspondent (Filed: 26/10/2004). Lakshmi Mittal, Britain&#39;s fifth-richest man and a prominent Labour donor, is now the boss of the world&#39;s biggest steel company, after a $21billion
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LAKSHMI MITTAL, the Indian steel tycoon and one of Britainâs richest men, was poised to become head of the worldâs biggest steel company after merging his two businesses
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U.S. Steel has its share of problems. Don't let them become yours.
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India's Tata Steel is set to become the world's fifth-biggest steelmaker after winning a bid battle for Anglo-Dutch steelmaker Corus Group by agreeing to pay 5.75 billion pounds ($11.3 billion).
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Steel companies are feeling the pressure to be big or consolidate after the merger of the worldÂs largest and second-largest steel producers.
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Company's drive is not just for OEMs anymore.
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Steel makers' gain is steel users' loss.
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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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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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[World News]: New York, Oct 25 : Global steel major Ispat International Monday announced it was acquiring LNM Holdings of the Netherlands to become the world&#39;s largest steel producer.
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AMSTERDAM: Lakshmi Mittal, one of the UK&#39;s wealthiest men, will merge his steel assets and buy International Steel Group in a deal worth $17.
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Lakshmi Mittal, one of the UK's  wealthiest men, will merge his steel assets and buy  International Steel Group Inc. in a deal worth $17.8 billion to  form the world's largest steel company.
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The company's development group has been hit with layoffs.
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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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The manufacturer of Aga cookers is considering splitting its business and selling off part of it.
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Company has revised its financial forecasts for the current quarter.