Huge deal swallows International Steel Group
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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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The head of the world's biggest steel firm warns that the industry is set for a wave of consolidation.
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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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Lakshmi Mittal, boss of Mittal Steel, the world's largest steel producer, is to get a dividend of Â£140m.
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ESSEN, Germany  - Germany's largest steelmaker, ThyssenKrupp , will go through with the 2.3 billion euro ($3.04 billion) construction of a downstream steel mill in the United States irrespective of whether it can acquire Canada's Dofasco.
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Tata Steel of India appears set to become the world's fifth-largest steel producer after beating its Brazilian rival CSN in an auction to take over Anglo-Dutch steelmaker Corus with a 13.7-billion-dollar bid.
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NEW DELHI -- India's Tata Steel said Wednesday it outbid Brazilian rival CSN to take over European steelmaker Corus Group PLC, offering $11.3 billion for the biggest-ever acquisition by an Indian company.
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China's biggest steelmaker and its second biggest bank put the pieces in place for massive flotations.
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America's biggest steel maker posts solid growth as steel prices soar.
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The $17.8 billion, three-way deal that Lakshmi N. Mittal, a financier based in London, announced this week would put him at the head of the largest steel company in the world.
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Seven years ago, after Lakshmi Mittal took his fledgling steel group public, he was asked how he could compete in a global industry undergoing huge upheavals.
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Billionaires forge a deal: Lakshmi Mittal, one of the richest men in the UK, will merge his steel assets and buy International Steel Group (nyse: ISG - news - people ), which counts US billionaire Wilbur L. Ross Jr.
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Dutch-Indian steel group Ispat International announced that it had agreed to merge with Dutch LNM Holdings and US International Steel Group to form the world's largest steelmaker, which would be known as Mittal Steel.
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A fresh bidding war for Anglo-Dutch steelmaker Corus has erupted when Brazilian group CSN offered about 5.8 billion pounds (8.6 billion euros, 11.3 billion dollars) shortly after Corus had accepted a lower bid from Tata Steel of India.
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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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Anglo-Dutch steelmaker Corus said it had accepted a revised take-over bid from Tata Steel of India worth 5.7 billion pounds including debt (8.4 billion euros, 11.1 billion dollars).
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Major Soviet steelmaker continues U.S. buying spree.