Arcelor considers counter-bid for Alpha

ArcelorMittal is considering breaking up the $8.8bn takeover of US coal miner Alpha Natural Resources by Cleveland-Cliffs with a counter-bid. ArcelorMittal, the world’s largest steelmaker, is also looking at waiting for the deal to either fall apart or create one digestible takeover target. ArcelorMittal indicated it was considering an all-cash offer at nearly $110 a share for Alpha in June,……
Original Source: ftalphaville.ft.com

  31 de July , 2008| hedgefunds | @ 21:37

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