Grand Duchy of Luxembourg 1028 Years

Grand Duchy of Luxembourg 1028 Years
Coat of Arms Grand Duchy of Luxembourg

Tuesday, February 14, 2006

Luxembourg News Wires (English)

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.
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*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.

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*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.

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*India, EU back Mittal's bid on Arcelor

Jean - Claude Juncker
Prime Minister
of Luxembourg

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