Arcelor accepts upped Mittal takeover bid
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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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Viridian Group , Northern Ireland's main electricity supplier, said on Friday it had agreed a 1.62 billion pound ($3.1 billion) takeover offer from Bahrain-based private equity firm Arcapita.
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PARIS : European steelmaker Arcelor said net profit in the third quarter surged by more than sixfold and forecast a strong fourth quarter amid &#39;healthy&#39; growth in the global steel market, driven by Chinese demand.
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Anglo-Dutch steel firm Corus says it is accepting a revised Â£4.7bn takeover offer from Indian rival Tata Steel.
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Shareholders in steelmaker Arcelor   were meeting on Friday to vote on a possible merger  deal with Russia&#039;s Severstal , with a rejection  required to clear the way for an agreed &#36;32 billion takeover by  Mittal Steel .
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India's Tata Steel  raised a  bid for Anglo-Dutch steelmaker Corus  to an agreed 4.7  billion pounds ($9.2 billion) on Sunday as it seeks to head off  a potential counterbid from Brazil's CSN .
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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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A Dutch judge refused Monday to grant an injunction blocking Mittal Steel Co. NV's proposed $40 billion acquisition of rival Arcelor SA.
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London - Indian-born billionaire Lakshmi Mittal has agreed to acquire the US&#39;s International Steel Group for about $4.5 billion (R27.
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Courts in the Netherlands and France refused to grant injunctions seeking to block the Mittal Steel Companyâs proposed $41 billion acquisition of a rival steel maker, Arcelor. Legal actions in Rotterdam, the Netherlands, by three hedge funds and in Paris by an activist shareholder were rejected by judges, removing obstacles to the creation of what would be the worldâs largest steel maker, measured by sales. The steel companies already call themselves ArcelorMittal.
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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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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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A group of Arcelor   shareholders is urging the steel group to alter its 13  billion-euro (&#36;16.6 billion) planned purchase of Russia&#039;s  Severstal and let shareholders accept it or reject it in a  vote.
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The world's largest steel group, ArcelorMittal, said Tuesday it had signed an accord to build its first plant in Russia.
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Britain&#39;s Barclays  has raised  its offer for ABN AMRO  to 67.5 billion euros ($93  billion) and included 37 percent in cash as it seeks to regain  the initiative in the world&#39;s biggest bank takeover battle.
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The world's largest steel firm, Arcelor Mittal, moves closer to increasing its stake in China Oriental.
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ElectricInvest Acquisitions Ltd., a division of Bahrain-based Arcapita Bank BSC, said Friday it will buy Viridian Group PLC, Northern Ireland's main power supplier, for 1.62 billion pounds ($3 billion).