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Foundry Daily News

15. August 2007

ArcelorMittal: Mittal Merger Expected To Close Sept

ArcelorMittal (MT) said Tuesday it expects the legal merger of Arcelor SA and Mittal Steel to be final and effective Sept. 3 this year.

If Mittal Steel shareholders vote to approve the merger at meeting Aug. 28, Mittal will be effectively merged into ArcelorMittal as of Sept. 3, the companies said.

The two companies agreed a merger to form the world' largest steelmaker by sales last summer.

ArcelorMittal has previously said that the merger should be finalized in the fourth quarter of this year.

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