Buy-out row spoils Arcelor Mittal merger birthday

(Reuters) - Arcelor Mittal says it plans to use the investor day to
inform individual European shareholders about the successful
integration of Mittal Steel and Luxembourg-based Arcelor after
the latter agreed to be bought in June 2006.




However, that merger has not been finalised as minority
shareholders in Arcelor, representing 6 percent of the company,
remain vehemently opposed to the terms of a buy-out.


Read more at Reuters.com Mergers News

Laiwu Steel Group Extends Accord to Sell Stake in Unit to Arcelor Mittal

(Bloomberg) -- China's Laiwu Steel Group has
extended an agreement to sell 38 percent of its publicly traded
unit, Laiwu Steel Corp., to Arcelor Mittal, the world's largest
steelmaker, as it has yet to receive government approval.

Laiwu Steel Group, the nation's eighth-largest mill, and
Arcelor Mittal extended the accord to Dec. 31, the Laiwu,
Shandong province-based Laiwu Steel Corp. said in a statement to
the Shanghai Stock Exchange today. The statement didn't say when
the initial agreement expires.


Read more at Bloomberg Commodities News