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"“We have been courting for a long time. Now it is time to be engaged to be married.” — Dolle, announcing a tie-up with Russia’s Severstal to thwart Mittal offer."
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Arcelor"“I cannot perceive why there must be hostile takeovers within the EU.” — Jean-Claude Juncker in FT Deutschland."
Arcelor S.A. was the world's largest steel producer in terms of turnover and the second largest in terms of steel output, with a turnover of €30.2 billion and shipments of 45 million metric tons of steel in 2004. The company was created in 2002 by a merger of the former companies Aceralia (Spain), Usinor (France) and Arbed (Luxembourg). Arcelor is now part of ArcelorMittal after a takeover by Mitt
"“We have been courting for a long time. Now it is time to be engaged to be married.” — Dolle, announcing a tie-up with Russia’s Severstal to thwart Mittal offer."
"“Arcelor’s shareholders are being forced to hand over control of their company, whilst being denied a premium.” — Mittal spokesman on the Arcelor-Severstal deal."
"“The grammar of business is no be respected.” — French Finance Minister Thierry Breton, expressing “profound concerns” about the unsolicited offer and its lack of advance warning."
"“We are not at war here, we are creating value for shareholders.” — Lakshmi Mittal at a news conference."
"“I am determined, as is the Government, to do everything to preserve everything that we have worked for and that we believe in … by using all necessary means to fend off the hostile (bid).” — Luxembourg Prime Minister Jean-Claude Juncker."
"“The concerns (about the Mittal offer) that have been expressed are entirely legitimate. I don’t understand what the fuss is about.” — French President Jacques Chirac in India."