Mittal Steel
ORG
Mittal Mittal Steel
The $23 billion unsolicited offer for Arcelor of Luxembourg by Mittal Steel, a company with headquarters in Rotterdam but run by the Indian-born Lakshmi N. Mittal, incensed European politicians. Mr. Cafritz stated if Mittal succeeded, that would unleash a wave of hostile deals. He also added that Mittal's success would prove that total outsiders can make aggressive bids that everyone dislikes except shareholders, and get them done.  The $23 billion unsolicited offer for Arcelor of Luxembourg by Mittal Steel, a company with headquarters in Rotterdam but run by the Indian-born Lakshmi N. Mittal, incensed European politicians. Mr. Cafritz expressed his displeasure saying Mittal's success would prove that total outsiders can make aggressive bids that everyone dislikes except shareholders, and get them done.