Mittal Steel offers $3.2 billion for remainder of Arcelor Brasil

Article Abstract:

Mittal Steel Company N.V. has offered $3.2 billion to buy out Arcelor Brazil's minority shareholders. Some shareholders have said that they will contest the offer, however. Earlier this year, market regulator Commissao de Valores Mobilarios ruled that Mittal's bid for Arcelor required that it buy out the 34% of Alcelor Brazil not owned by the parent company.

Brazil, Netherlands, Mittal Steel Company N.V.

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Breaking the Marwari rules: Mittal's bid for Arcelor shows how growth brings Indians into conflict with traditions

Article Abstract:

CEO Lakshmi Mittal's proposed acquisition of Arcelor S.A. by Mittal Steel Co. breaks Marwari rules. Lakshmi Mittal belongs to the ethnic group Marwari, which believes that companies should maintain family ownership.

Belgium, Management dynamics, India, Management, Company business management, Family-owned business enterprises, Family-owned businesses, Family corporations, Mittal, Lakshmi

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