Mittal Tries to Ease Misgivings on Arcelor

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Steel magnate Lakshmi Mittal launched a diplomatic offensive Monday to answer misgivings about his company’s $22.5 billion bid for rival steelmaker Arcelor SA, but the head of the smaller company vowed to fight the hostile offer.


The chairman and CEO of Mittal Steel Co., the world’s largest steelmaker, met with French Finance Minister Thierry Breton before holding a news conference in Paris at which he sought to allay fears about the impact of the proposed tie-up on jobs and labor conditions.


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