Arcelor: Steeling Thunder?

Ever since Lakshmi Mittal made his hostile bid for Arcelor in January, the Luxembourg-based European steel giant has been looking for a way to ward him off. Arcelor's CEO Guy Dollé and his board put their company together in 2002 to be Europe's champion, and they are enraged at Mittal's impudence in thinking he can outmanage the cream of Europe's steelmen. They are going to extraordinary lengths to stop him.

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