Luxembourg minister confirms Arcelor-Mittal deal

PUBLISHED ON: June 25, 2006

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Luxembourg Minister has confirmed the Arcelor-Mittal deal, ending a five-month hostile bidding war to forge the world's largest steel firm. Mittal Steel and Arcelor have decided to merge in principle. "We get two seats on the board," the Minister told NDTV. "We see merit in the deal for Arcelor."
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