London - Luxembourg yesterday unveiled a draft takeover law that would help Arcelor, the country's biggest private employer, fend off a hostile $23.7 billion bid by Mittal Steel.Read more ...
*Luxembourg law protects Arcelor
(Bloomberg) -- Arcelor Chief Executive Officer Guy Dolle has the backing of Europe's political elite against Mittal Steel Co.'s hostile $28.2 billion takeover bid for French- Luxembourg steelmaker Arcelor SA.
Read more ...*Europe Leaders Scorn for Mittal Unshared by Investors (Correct)
India and the European Union criticised French politicians for trying to prevent prominent Indian origin industrialist Lakshmi Mittal from taking over France-based European consortium Arcelor in a £13 billion deal.
Read more ...
*India, EU back Mittal's bid on Arcelor
Jean - Claude Juncker
Prime Minister
of Luxembourg
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