Arcelor on Sunday night formally rejected a €25.8bn (£17.7bn) bid for the company made last month by Mittal Steel but offered to listen to shareholders
Media Release
Jun. 12, 2006

Luxembourg steelmaker Arcelor on Sunday night formally rejected a €25.8bn (£17.7bn) bid for the company made last month by Mittal Steel but offered disgruntled shareholders a chance to argue their case.

Arcelor on Sunday night formally rejected a €25.8bn (£17.7bn) bid for the company made last month by Mittal Steel but offered to listen to shareholders
Media Release
It also said it was prepared for directors to meet with Mittal to discuss a possible improved offer.
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The UK financial regulator said on Monday that the London Stock Exchange would not be subject to US rules
Media Release
The UK financial regulator said on Monday that the London Stock Exchange would not be subject to US rules such as the onerous Sarbanes-Oxley legislation should it be taken over by Nasdaq.
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Securities and Exchange Commission steps up probe into stock option awards
Media Release
Equinix, the internet services and networks company, and Applied Micro Circuits also said they had been approached as part of the SEC’s informal inquiries.
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Mirant Corporation, the Atlanta-based electricity producer, on Monday withdrew its $8bn unsolicited approach to take over rival NRG Energy
Media Release
Mirant Corporation, the Atlanta-based electricity producer, on Monday withdrew its $8bn unsolicited approach to take over rival NRG Energy, saying NRG had refused to discuss the offer.
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Lehman Brothers reported a 47 per cent jump in net income
Media Release
Lehman Brothers reported a 47 per cent jump in net income on Monday in its second best quarter ever, but its shares slumped to their lowest level in six months on inflation fears.
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Japan’s economy grew a real annualised 3.1 per cent in the three months to March
Media Release
Spectacular turn around in Japanese economy surprises all....
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Share prices have been falling in recent weeks because investors have become more nervous about risky assets
Media Released
The ongoing turmoil in global financial markets is almost entirely due to a re-pricing of risk rather than any fundamental change in the intrinsic value of assets...
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Arcelor snubs Mittal the Indian Steel kingpin based in London
Media Release
Mittal needs to learn to run his existing holdings properly first....
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Sam Palmisano, head of IBM calls big western businesses to end treating developing world as colonial masters
Media release
Sam Palmisano, head of IBM, on Monday called on multinationals to evolve into a new type of corporation if they are to avoid an anti-globalisation backlash that leads to the election of governments hostile to the interests of big business.
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