View source for Lakshmi Niwas Mittal

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[[Category:India |M ]]
[[Category:Economy-Industry-Resources |M ]]

=2006=
[http://indiatoday.intoday.in/story/Top+10+global+takeovers/1/22819.html ''India Today'']
December 29, 2008

“It was as big an idea as Andrew Carnegie’s merger of steel companies in Britain and the US”(India Today, March 2006). In what remains the biggest outbound deal by an Indian, the L.N.Mittalowned Mittal Steel acquired Arcelor for $33.7 billion in October 2006.The acquisition was perhaps one of the greatest hostile takeovers. Mittal’s aggressive bid shook the world,especially Europe, with French and Indian governments intervening.