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Europe Daily Bulletin No. 9219

27 June 2006
Contents Publication in full By article 22 / 53
GENERAL NEWS / (eu) eu/competition
Arcelor and Mittal final reach agreement

Brussels, 26/06/2006 (Agence Europe) - Mittal's stubbornness has finally paid off. Following an Arcelor Executive Board meeting, agreement between the two steel giants was found on Sunday evening, thus removing the Russian Severstal from the race to acquire European company Arcelor, which had called on the Russian firm to help it counter the initial Mittal offer. Mittal finally increased its offer from €18.6 billion in January, when it began its takeover campaign, to €26.9 billion....

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A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
WEEKLY SUPPLEMENT