ArcelorMittal seeks to buy rest of Brazilian unit

Article Abstract:

Global steel giant Arcelor Mittal announced its intention to buy the remaining 43% stake of Brazil's ArcelorMittal Inox Brasil S.A. that the firm does not own already. Arcelor Mittal is willing to spend as much as $1.8 bil for the minority-investor buyout, offering $55.68 per preferred or common share, representing a 22% premium. Arcelor Mittal then plans to delist the company.

Strategy & planning, Acquisitions & mergers, Blast furnaces and steel mills, Brazil, Planning, Netherlands, Mergers, acquisitions and divestments, Company acquisition/merger, Steel industry, Company business planning, Arcelor Mittal

---

Bollore gains ground in Havas board fight

Article Abstract:

Vincent Bollore has gained representation on the 18 member board of directors at Havas S.A. after a ten month battle with Chairman Alain de Pouzilhac who has been lobbying shareholders against the corporate raider. The advertising firms future direction is unclear.

Forecasts, trends, outlooks, Financial management, Management dynamics, Advertising, Management, France, Marketing industry, Investor relations, Company Profile, Company business management, Company business forecast/projection, Company forecasts, Bollore, Vincent

---

Similar abstracts:

• Abstracts: Fresenius to buy Renal Care of U.S. for $3.5 billion. Bayer is asked to suspend Trasylol sales
• Abstracts: Anglo American may buy Brazil projects. BHP's India push to focus on sales
• Abstracts: Prodi's pension deal raises pressures. U.K. Regulator offers definitions in slow bid for financial reform
• Abstracts: Carlyle Capital nears collapse as accord can't be reached. Europe joins REIT party
• Abstracts: Gulf states and the dollar link: rate cuts to match Fed could increase inflation; betting on a "depegging". Sweden raises rates, expects further increases

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.