What Price Mittal's Victory?
Mittal Steel is making such huge concessions that its acquisition of Luxembourg's Arcelor may not be such a great deal after all On the surface, Lakshmi Mittal, chairman and CEO of Mittal Steel (MT), has won the five-month takeover battle for Luxembourg-based Arcelor, assuming the board's June 25 recommendation to accept Mittal's offer prevails. But the tycoon looks to be making such huge concessions that it almost seems a pyrrhic victory.
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