SeverStal Proposes Substantially Improved Merger Terms To Arcelor
New York (ots/PRNewswire) - - Mordashov to reduce his equity stake to 25% from 32% - EUR2 billion improvement to Arcelor shareholders - Removal of Strategic Committee - No intention to increase stake above 33% without a full tender offer - Information memorandum posted on SeverStal website SeverStal, the largest Russian steel company, announced today that it has proposed to the Board of ...