Arcelor Mittal gets court summons over merger

Arcelor Mittal says it has received a summons to appear before a judge over its merger, which is being opposed by some shareholders.

Arcelor Mittal said on Thursday it had received a summons to appear before a judge over its merger, which is being opposed by some Arcelor shareholders.

HT Image

A majority of Arcelor shareholders accepted a takeover offer from sector leader Mittal Steel after an acrimonious fight between the two companies. But a group of shareholders is seeking an injunction against the deal.

ArcelorMittal will respond to this before a judge in Rotterdam on Aug. 22, the company said in a statement.

"ArcelorMittal believes there are no grounds to these claims," it said.

The merger of the two companies is expected to take effect during early September.