Dutch court backs ArcelorMittal versus holdouts

AMSTERDAM: A Rotterdam court on Monday ruled in favour of ArcelorMittal in a row with minority shareholders. The court said Mittal can proceed with finalising its merger with Arcelor, of which it already owns 94 per cent of the shares and that it had not been proven whether the merger will be negative for minority shareholders.
Arcelor investors who together own about 6 per cent of Arcelor shares and did not offer their shares in last year's takeover, have opposed new terms for offering their shares to ArcelorMittal.

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