Mittal steel firm in Bosnia deal
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LNM Group, the steel giant headed by Indian tycoon Lakshmi Mittal, snaps up a Bosnian steelmaker in a $280m deal.
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Mittal Steel  , the  world's biggest steelmaker which is buying its closest rival,  Arcelor , said on Wednesday that its second-quarter  operating profit rose nearly 50 percent on the previous  quarter.
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Arcelor Mittal , the world's  largest steelmaker, said on Sunday it has terminated an  agreement to sell its Sparrows Point, Baltimore facility to E2  Acquisition Corp due to E2's inability to secure financing.
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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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Steel tycoon Lakshmi N. Mittal announced plans to pay $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. ...
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Steel firms Mittal  and Arcelor   are drawing close to a friendly merger deal that  would end a six-month hostile bidding war and forge the world&#039;s  largest steel company, French newspaper La Tribune reported on  Friday.
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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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Steel magnate Lakshmi Mittal on Monday agreed to buy International Steel Group Inc. (ISG.N: Quote, Profile, Research) for $4.5 billion and
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Arcelor SA, the steelmaker fighting a hostile bid from rival Mittal Steel Co., said Friday it reached a deal that would give it a controlling stake in Russia&#039;s largest steelmaker Severstal and &#36;1.59 billion in cash in exchange for 32 percent of Arcelor.
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Arcelor and Mittal Steel, which have agreed on a deal to form the worldâs largest steel maker, said their combined earnings fell 3.5 percent, to $7.97 billion, in 2006 because of higher raw material costs. The companies also said they had $4.5 billion to $5 billion available for acquisitions this year, and confirmed that they were examining the financial records of an Indian steel maker, Sesa Goa. Reporting as if the companies were already fully combined, Arcelor Mittal said it earned $7.97 billion in 2006, down from $8.26 billion a year earlier. Revenue rose 10 percent, to $88.57 billion, in the year.
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Tycoon Lakshmi N. Mittalâs $4.5 billion purchase of International Steel Group will create a colossal powerhouse in the world steel industry with the capabilities of producing 70 million tons of steel annually.
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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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European steelmaker Arcelor said it would buy Russian company Severstal in a 12-billion-euro (15.3-billion-dollar) deal aimed at thwarting a hostile raid by Mittal Steel.
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Remnants of Bethlehem Steel will live on under foreign ownership in a $4.5 billion deal announced Monday. A privately owned Dutch steelmaker led by billionaire Lakshmi Mittal is acquiring International Steel
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European steelmaker Arcelor said it would buy Russian company Severstal in a 12-billion-euro (15.3-billion-dollar) deal that according to analysts could thwart a hostile raid by Mittal Steel.
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Lakshmi Mittal&#39;s $4.5 billion acquisition of International Steel Group Inc. may prompt a spree of deals as the steel industry consolidates to cut costs.
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Arcelor Mittal, the biggest steel group in the world, said it had agreed to revise an accord giving it access to major resources of iron ore in Liberia, in particular by increasing its investment.