ISG to be bought out in deal creating huge steel maker
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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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A privately-owned Dutch steelmaker headed by billionaire Lakshmi Mittal is buying US-based International Steel Group Inc. for about $4.
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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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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, the billionaire steel magnate who was controversially aided by Tony Blair after donating Â£125,000 to the Labour party in 2001, is performing a double merger to create the world&#39;s largest steelmaker by output.
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Stock in Pittsburgh-based US Steel Corp. and other publicly traded domestic steel companies posted large gains Monday on news of a three-way merger that will create the world&#39;s largest steelmaker.
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Privately-owned Dutch steelmaker LNM Group said Monday it plans to merge its two main divisions, Ispat International NV and LNM Holdings NV, and then take over U.S.-based International Steel Group Inc.
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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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Arcelor  said on Friday it  has agreed to buy Russia&#039;s Severstal  to create the  world&#039;s biggest steelmaker, in a move that threatens to block  Mittal Steel&#039;s  bid for the European group.
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India's biggest private steel firm Tata Steel has confirmed that it is mulling a possible takeover of Anglo-Dutch steel giant Corus Group.
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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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India's biggest private steel firm Tata Steel is in talks to acquire Anglo-Dutch steel giant Corus Group in a deal anticipated to be worth more than 10 billion dollars, newspaper reports say.
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Steel giants Arcelor and Mittal Steel, which are to combine to create by far the biggest world steel group, said their joint net profit was 1.310 billion euros in the second quarter.
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International Steel Group Inc. saved the jobs of thousands of US steelworkers when it was formed two years ago. Analysts say its sale last week to a Dutch steelmaker
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Ispat International (ISPA.AS: Quote, Profile, Research) (IST.N: Quote, Profile, Research) will merge with LNM Holdings and Ohio-based International Steel Group Inc.
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The world's second-largest steel producer, LNM Holdings, bought a 51-percent stake in Bosnia's biggest steelworks, BH Steel, for 80 million dollars (65 million euros).
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A Canadian steel maker, Ipsco, said it was buying the NS Group, a maker of steel pipes and tubes used in oil fields, for about $1.46 billion. The deal will be used to broaden IpscoÂs sales to the energy industry, the chief executive, David Sutherland, said. ÂThis is a transaction thatÂs all about growth, and if anything, what we will see over the next three years is a growth in the output of all of their facilities, as well as the continuing demand on our own,Â Mr. Sutherland said in a conference call. Ipsco agreed to pay $66 a share for the NS Group, which was a 43 percent premium to its closing price on Friday. After the transaction is complete, the new company is expected to have combined annual revenue of more than $4 billion. Ipsco, which is based in Regina, Saskatchewan, and has executive offices in Leslie, Ill., operates three steel mills and six pipe mills in the United States and Canada. The NS Group is based in Newport, Ky.