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Arcelor bid: Mittal faces bitter battle

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  • Published On: February 14, 2006
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Steel tycoon Laxmi Mittal is facing bitter resistance in his takeover bid of Europe's largest steelmaker, the French company, Arcelor. The latest opposition comes from Luxembourg, which is looking at a law to fight Mittal's bid. After a raging controversy over caricatures of Prophet Muhammed, cartoons have also come in handy to lampoon an unlikely target.
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