Luxembourg, India spar over Arcelor takeover bid
Thursday, March 30, 2006 Several weeks ago Netherlands based company Mittal Steel made a takeover bid for Arcelor, prompting legislation from Luxembourg (5.6% owners of Arcelor, the largest stockholders) and cries of discrimination from India. Mittal is owned by the world’s fifth wealthiest man, Laskshmi Mittal, an Indian. After the …