Arcelor Mittal Announces Details on Legal Merger Process.ROTTERDAM, Netherlands & LUXEMBOURG -- Regulatory News: The Board of Directors of Mittal Steel Company Mittal Steel Company N.V. (Euronext: MT, NYSE: MT) was the world's largest steel producer by volume, and also the largest in turnover. Company is now part of Arcelor Mittal. CEO Lakshmi Mittal's family owned 88% of the company. N.V. ("Mittal Steel") announces today further details of the process for its legal merger with Arcelor SA that was agreed in the context of its exchange offer completed on August 1, 2006. The process will involve two steps. In the first step, subject to the approval of the Mittal Steel shareholders, Mittal Steel will be merged into a Luxembourg-based ad hoc For this purpose. Meaning "to this" in Latin, it refers to dealing with special situations as they occur rather than functions that are repeated on a regular basis. See ad hoc query and ad hoc mode. subsidiary named ArcelorMittal. Each Mittal Steel share will be exchanged for a share of ArcelorMittal. The same corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. structure applicable to Mittal Steel and Arcelor SA will be applied to ArcelorMittal. Mittal Steel and ArcelorMittal signed a merger agreement on 2 May 2007 and the disclosure documents relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc such merger will be submitted shortly to the relevant securities regulatory authorities. In the second step, ArcelorMittal will be merged into Arcelor, which will be renamed ArcelorMittal. The exchange ratio of ArcelorMittal shares for Arcelor shares has not yet been determined. It will be announced once approved by the boards of directors of the two companies. The companies are actively working to implement the two mergers as promptly as possible in the course of 2007. Additional Information In connection with the proposed merger of ArcelorMittal and Mittal Steel Company N.V., ArcelorMittal will file important documents with the relevant securities regulatory authorities including the filing with the U.S. Securities and Exchange Commission of a registration statement that will include a proxy statement/prospectus. The prospectus will contain important information about the merger and related matters, and Mittal Steel will make public such prospectus and mail the proxy statement/prospectus to its U.S. shareholders. Investors and security holders are urged to read the proxy statement/prospectus, and any other relevant documents filed with the relevant securities regulatory authorities, when they become available and before making any investment decision. You will be able to obtain a free copy of the prospectus (when available) and other related documents filed with the SEC by ArcelorMittal and Mittal Steel at the SEC's web site at www.sec.gov and from ArcelorMittal and Mittal Steel at www.arcelormittal.com. About ArcelorMittal ArcelorMittal is the world's number one steel company, with 320,000 employees in more than 60 countries. The company brings together the world's number one and number two steel companies, Arcelor and Mittal Steel. ArcelorMittal is the leader in all major global markets, including automotive, construction, household appliances and packaging, with leading R&D and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. An industrial presence in 27 European, Asian, African and American countries exposes the company to all the key steel markets, from emerging to mature, positions it will be looking to develop in the high-growth Chinese and Indian markets. ArcelorMittal key pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma financials for 2006 show combined revenues of USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 88.6 billions, with a crude steel production of 118 million tonnes, representing around 10 per cent of world steel output. ArcelorMittal is listed on the stock exchanges of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of (MT), Amsterdam (MT), Paris (MTP (1) (Message Transfer Part) See SS7. (2) (Media Transfer Protocol) A Microsoft enhancement to the picture transfer protocol (PTP), starting with Windows Media Player 10 in Windows XP. ), Brussels (MTBL MTBL Mean Time Between Data Loss ), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid (MTS (1) See Microsoft Transaction Server. (2) (Modular TV System) The stereo channel added to the NTSC standard, which includes the SAP audio channel for special use. 1. MTS - Message Transport System. 2. ) and Valencia. |
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