In a bid to impede intimidating takeover by Mittal Steels, steel firm Arcelor has announced its plans to merge with Russian firm Severstal. Under the deal to be finalized at the end of July, Arcelor will own 68 percent of the new firm,...

Reuters - Arcelor said on Friday it has agreed to buy Russia's Severstal to create the world's biggest steelmaker, in a move that threatens to block Mittal Steel's bid for the European group.

Reuters - Steel billionaire Lakshmi Mittal expects Arcelor's management to come to the negotiating table next week to discuss his company's improved 23 billion euros ($29.51 billion) bid, The Times reported on Thursday.

Reuters - Steelmaker Arcelor's board members began talks on Sunday to evaluate a new offer from sector leader Mittal Steel, although they were expected to continue their resistance to being taken over.

On Friday, Mittal steel raised its takeover bid for rival steel company Arcelor. The announcement came after its first offer was rejected. Arcelor rejected Mittal's first offer as hostile and not in the company's best interest. The...

Reuters - Mittal Steel , the world's largest steel group by production volume, raised its hostile offer for rival steelmaker Arcelor by a third in value to 25.8 billion euros ($33 billion) on Friday.

Mittal Steel formally launched its offer for rival steel company Arcelor. Mittal’s bid got the approval of regulators in Belgium, France and Luxembourg earlier this week. According to Mittal Steel, the offer is expected to get...

Reuters - Mittal Steel launched its hostile takeover offer for rival Arcelor on Thursday, giving Arcelor shareholders the chance to determine its future after a months-long war of words between the steelmakers.

European Union’s Ambassador to India, Francisco Di Camera Gomes, made it clear that Mittal Steel’s bid to take takeover rival Arcelor would be decided on the basis of business and competition not on nationality. “The...

Reuters - Mittal Steel expects to launch a long-awaited offer for Arcelor within days, it said on Friday, even as Arcelor unveiled its latest attempt to thwart a tie-up of the world's biggest steel makers.

Reuters - Mittal Steel, the world's largest steelmaker, said on Friday it has obtained U.S. antitrust clearance for its bid to acquire rival Arcelor.

Reuters - Mittal Steel , the world's largest steel maker which is trying to buy its closest rival Arcelor , said on Friday it had received U.S. clearance for its bid.

Reuters - Arcelor , the world's second-largest steel maker, said on Friday its first-quarter earnings before interest, tax, debt and amortization (EBITDA) reached 1.427 billion euros ($1.82 billion).

Steel giant Arcelor said that it has filed a Patent Infringement suit against Mittal Steel over its Usibor technology. The suit has been filed in United States. Usibor is a car-steel technology employed to produced high strength steel...

Reuters - Arcelor , the world's second-largest steel maker, has decided to take legal action in the United States against its unsolicited bidder Mittal Steel , alleging patent infringement.

Reuters - Mittal Steel proposed sweetening its 20 billion euro ($25.53 billion) offer for rival Arcelor on Tuesday provided Arcelor's board ends its resistance to a takeover and recommends a revised deal.

Reuters - U.S. Steel Corp. is in talks to acquire AK Steel Corp. in a stock transaction that would potentially create the world's sixth-largest steel producer, the Pittsburgh Post-Gazette reported on Friday.

Reuters - European steel group Arcelor unveiled a three-year growth plan on Monday as it urges its shareholders to reject an unsolicited $22.6 billion offer by global sector leader Mittal Steel Co. .

Reuters - Mittal Steel on Sunday kicked off a "charm offensive" to seduce Arcelor stockholders, saying their shares are already worth 36 percent more than their previous all-time high since Mittal's $23 billion hostile takeover bid.

Reuters - Arcelor , the world's second-largest steel producer by volume, announced on Friday that it had agreed with Laiwu Steel Corporation (600102.SS) to buy a 38.41 percent stake in its Chinese peer.