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Arcelor refuses Mittal.

Publication: Europe Intelligence Wire

Publication Date: 31-JAN-06
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COPYRIGHT 2006 Financial Times Ltd.

(From Lloyds List)

LAKSHMI Mittal has received a swift rebuttal to his hostile bid for Europe's biggest steelmaker, Arcelor, with politicians already lining up in its defence, writes Neville Smith.

Arcelor chief executive Guy Dolle told a news conference in Paris that Mittal's €18.6bn ($22.5bn) bid would destroy shareholder...

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