Shareholders Approve First-Step Merger of Mittal Steel into ArcelorMittal.LUXEMBOURG & ROTTERDAM, Netherlands -- Regulatory News: Today, the Extraordinary General Meeting of shareholders 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") approved the merger of Mittal Steel into ArcelorMittal, a wholly-owned subsidiary of Mittal Steel. 98.8% of the votes cast at the Extraordinary General Meeting were cast in favor of the proposed merger. The merger is expected to be effective Monday, 3 September 2007. The merger is the first step in the two step merger process between Mittal Steel and Arcelor S.A. 945,207,771 shares, or 66.6% of Mittal Steel's outstanding share capital, were present or represented at the Extraordinary General Meeting. Upon effectiveness of the merger, holders of Mittal Steel shares will automatically receive one newly issued ArcelorMittal share for every one Mittal Steel share on the basis of their respective holdings as entered in the relevant Mittal Steel shareholder registry or their respective securities accounts: * Holders of Mittal Steel shares whose shares are registered directly in Mittal Steel's Dutch or Luxembourg or 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 shareholder registry, will automatically receive newly issued ArcelorMittal shares through an entry in the shareholder registry of ArcelorMittal. * Holders of Mittal Steel shares whose shares are registered indirectly, that is through a book-entry system (such as Clearstream Luxembourg, Euroclear Belgium, Euroclear France, Euroclear Nederland or Iberclear), in Mittal Steel's Dutch or Luxembourg shareholder registry, will automatically receive newly issued ArcelorMittal shares through a credit to their respective securities accounts. * Holders of Mittal Steel shares, whose shares are registered indirectly in Mittal Steel's New York registry, that is through a book-entry system, will automatically receive newly issued ArcelorMittal shares through a credit to their respective securities accounts. Upon the day of effectiveness of the merger, the ArcelorMittal shares will be listed and traded on Euronext Amsterdam by NYSE Euronext For other uses of "NYX", see NYX (disambiguation). NYSE Euronext, Inc. (NYSE: NYX, Euronext: NYX) (formerly NYSE Group, Inc.) is a for-profit corporation that operates multiple securities exchanges, most notably the New York Stock Exchange (the "Big Board"), , Euronext Brussels by NYSE Euronext, Euronext Paris Euronext Paris is France's securities market, formerly known as the Paris Bourse, which merged with the Amsterdam and Brussels exchanges in September 2000 to form Euronext NV, which is the second largest exchange in Europe behind the London Stock Exchange. by NYSE Euronext, and the stock exchanges of Barcelona, Bilbao, Madrid and Valencia, listed on the Official List of the Luxembourg Stock Exchange The Luxembourg Stock Exchange (French: Bourse de Luxembourg) is a stock exchange based in Luxembourg City, in southern Luxembourg. and admitted to trading on the regulated market A regulated market is the provision of goods or services that is regulated by a government appointed body. The regulation may cover the terms and conditions of supplying the goods and services and in particular the price allowed to be charged. of the Luxembourg Stock Exchange. The ArcelorMittal shares will be listed and traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. as of Tuesday, 4 September 2007, because Monday, 3 September 2007 is a public holiday in the United States (Labor Day). The Mittal Steel class A common shares, which (along with the Mittal Steel class B common shares) will automatically disappear in the merger, will no longer be listed and traded on Euronext Amsterdam by NYSE Euronext, Euronext Brussels by NYSE Euronext, Euronext Paris by NYSE Euronext, the stock exchanges of Barcelona, Bilbao, Madrid and Valencia, the New York Stock Exchange and listed on the Official List of the Luxembourg Stock Exchange and admitted to trading on the regulated market of the Luxembourg Stock Exchange as of the day of effectiveness of the merger. The last day of listing and trading of the Mittal Steel class A common shares on these exchanges is expected to be Friday, 31 August 2007. ArcelorMittal and Arcelor currently expect to publish details concerning their merger (the second step in the two-step merger process between Mittal Steel and Arcelor) before the end of September 2007. 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 (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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