Mittal Family Forges $17.8 Bln Steel Deal
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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 Mittal, the world's biggest steel group, has secured a new credit line of 17 billion euros (22.6 billion dollars) with a syndicate of 26 banks.
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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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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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The world's largest steel company, Arcelor Mittal, reports an annual profit of $10.36bn for 2007.
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The ball was in Arcelor&#039;s court as the steel manufacturer&#039;s board prepared to respond to a sweetened 25.8 billion-euro (32.9 billion-dollar) offer from rival Mittal Steel.
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European steel maker Arcelor   has agreed to a 100 percent takeover bid made by  world sector leader Mittal Steel , creating a global  steel giant that will dwarf its rivals, its chairman said on  Sunday.
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Mittal Steel Co NV   said  on Wednesday it was announcing the final approval and timetable  of its agreed tender offer for rival steelmaker Arcelor  .
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European steel maker Arcelor   accepted an improved takeover bid from Mittal Steel   to create a steel giant three times larger than any  rival, sources familiar with the matter said on Sunday.
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In the latest in a string of steel company acquisitions, Gerdau Ameristeel will pay $86 a share for Chaparral Steel
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Arcelor Mittal  said on Wednesday it will acquire Sicartsa, a Mexican intergraded steel producer, from Mexican steel maker Grupo Villacero for $1.439 billion.
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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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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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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.
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ROTTERDAM - Dutch-Indian steel group Ispat International announced on Monday that it had agreed to merge with Dutch LNM Holdings and US International Steel Group to form the world&#39;s largest steelmaker, which would be known as Mittal Steel.
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London: NRI business tycoon Lakshmi N Mittal, who is set to control the world&#39;s largest steelmaker, has emerged as the richest man in Britain.
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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.