Arcelor shareholders being manipulated: Mittal

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

Published on: May 26, 2006, 15:17:00 IST

None | By Anonymous, London

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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.

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