Thursday, June 15, 2006

Mittal vs Arcelor

Its an interesting game is not it? But its not new to Mittal. Infact its been his most favourite game. The game he played since he has been an entrepreneur. The game he mastered for years. For me personally, I felt Arcelor made a hasty decision when it could not shape up the deal right with Severstal (the russian steel maker). Infact I read one of the reportes wrote a sentence that sounded like this entire take over bid of Mittal is a conspiracy planned with the help of Indian government. It might sound absurd... but then how else could one convince the investor community in European countries?

Now Mittal has got the nice business plan presented to the investors and I have a strong feeling that he is going to win this match too.

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