Mittal&#39;s $4.5 Billion US Purchase May Trigger Steel Mergers
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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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Two Indian television channels on Sunday  reported that steel makers Mittal Steel   and  Arcelor  had reached a merger agreement in principle  and the new company would be called Arcelor Mittal.
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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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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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A Dutch steelmaker led by billionaire Lakshmi Mittal is buying U.S.-based International Steel Group Inc. for about $4.5 billion in cash and stock in a deal that would make it one of the largest steel companies in the world.
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Russian steel maker Severstal  is in negotiations to buy Weirton Steel Corp. of the United States from Mittal Steel  , Russian paper Kommersant reported on Friday, without naming its source.
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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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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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Russian steel maker Severstal (CHMFq.L)  is in negotiations to buy Weirton Steel Corp. of the United  States from Mittal Steel  , Russian paper  Kommersant reported on Friday, without naming its source.
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Mittal Steel , the world&#039;s  largest steel producer by volume, said on Tuesday that talks  with takeover target Arcelor  were continuing but the  likely result was uncertain.
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Mittal Steel, the world's biggest steel producer, announced that it controls 91.88 percent of European steel maker Arcelor following its 25-billion-euro takeover bid.
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NEW YORK (CBS.MW) -- International Steel Group (ISG) said it will be acquired by Ispat International (IST) in a deal valued at $4.
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London: NRI business tycoon Lakshmi N. Mittal-owned Ispat International on Monday emerged as world&#39;s largest steelmaker as it announced its merger with The Netherlands-based LNM Holdings and US International Steel Group to form Mittal Steel Corporation.
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NRI steel magnate L N Mittal's recent acquisition of a Bosnia-Herzegovina steel complex has landed him in a difficult situation as part of it is a Bosnian death camp site, with relatives of Muslim and Croat ...
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LONDON/MUMBAI  - India's Tata Steel  is set to become the world's fifth-biggest steelmaker after winning a battle for Anglo-Dutch steelmaker Corus Group  with a 6.2 billion pounds ($12 billion) offer.
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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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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.