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Arcelor shareholders being manipulated: Mittal

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

Published on: May 26, 2006 03:17 PM IST
None | By , 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.

HT Image
HT Image

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

 
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