Aditya Mittal (born 22 January 1976) is an Indian business heir and the CEO of ArcelorMittal[1][2] which was founded by his father Lakshmi Mittal, who was ranked 21st in the 2012 Forbes list of billionaires.[3] (wikipedia)
Then the offer becomes effective and open to shareholders who will have 30 to 60 days to decide.
We believe we have offered a very fair transaction.
As our stock price improves, so does the value of the offer.
We've already said that we intend to reduce 45,000 jobs by 2010, and these are natural departures and retirement. We've already captured 10,000 ones in 2005, and if we keep that pace we can achieve our goal by 2010.
We don't see China as a competitive threat. They're not making profits at current prices.
Since the offer on January 27, the value of the underlying bid has improved.
