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Shareholders approve first step of Arcelor and Mittal merger
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Posted on August 30, 2007 by Stefan Schwarz
On August 28, 2007, the Extraordinary General Meeting of shareholders of Mittal Steel approved the merger of Mittal Steel into ArcelorMittal, a wholly-owned subsidiary of Mittal Steel.
98.8% of the votes cast at the Extraordinary General Meeting were cast in favour of the proposed merger. The merger is expected to be effective Monday, 3 September 2007. The merger is the first step in the two step merger process between Mittal Steel and Arcelor S.A.
ArcelorMittal and Arcelor currently expect to publish details concerning their merger (the second step in the two-step merger process between Mittal Steel and Arcelor) before the end of September 2007.
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