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Arcelor to fortify steelmaking might with Turkish deal

Article Abstract:

Luxembourg steelmaker Arcelor SA has increased its stake in Eregli Iron and Steel Works Co., Turkey's largest steel plant. Arcelor's investment comes after it lost to a Turkish armed forces pension fund in a bid to purchase the Turkish company. Arcelor sees its investment as part of a larger plan to increase its presence in Turkey and other regional steel markets.

Author: Glader, Paul
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2006
Netherlands, Foreign operations, Germany, Production data, Securities issued, listed, Turkey, Luxembourg, Company investment, Investments, Securities, Company securities, ThyssenKrupp AG, Mittal Steel Company N.V., Eregli Iron and Steel Works Inc.

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Arcelor offers $3.8 billion in hostile bid for Dofasco

Article Abstract:

Arcelor S.A. of Luxembourg is making overtures to acquire Dofasco Inc. of Canada for $3.8 billion, seeking to grow in the North American market. The acquisition by the European steelmaker would create a company worth 33.9 billion Euros ($40 billion). Arcelor S.A. is the second largest steelmaker in the world by production.

Author: McGrath, Steve, Glader, Paul, Knight, Victoria
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2005

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Arcelor tops bid by ThyssenKrupp to buy Dofasco

Article Abstract:

Arcelor S.A. of France has offered a sweetend bid for Dofasco Inc. of Canada. The offer is 4.02 billion Euros ($4.88 billion) or $71 Canadian Dollars ($61.20 United States Dollars) per share. Arcelor is in a bidding war with ThyssenKrupp AG of Germany for the Canadian steelmaker.

Author: McGrath, Steve, Glader, Paul
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2006
Finance, Company financing

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Subjects list: Canada, Mergers, acquisitions and divestments, France, Company acquisition/merger, Steel industry, Dofasco Inc., Arcelor S.A., Company Profile
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