Arcelor shareholders being manipulated: Mittal | india | Hindustan Times
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Arcelor shareholders being manipulated: Mittal

Arcelor board is 'manipulating its shareholders' by purchasing Severstal Mittal said.

india Updated: May 26, 2006 15:17 IST

The board of European steelmaker Arcelor is "manipulating its shareholders" by purchasing Russian peer Severstal in a deal aimed at thwarting Mittal Steel's hostile takeover bid, MIttal said on Friday.

"Yet again the board appears to be manipulating its shareholders base to its own ends " a Mittal spokeswoman said.