Little love lost
爱意难寻(陈继龙 编译)
Jun 29th 2006 | PARIS
From The Economist print edition
“THIS is a marriage of reason,” said Joseph Kinsch, chairman of Arcelor, when he presented the proposed merger of the Luxembourg-based steelmaker and Mittal Steel to the press on June 26th. It was certainly not love at first sight. For almost five months Mr Kinsch and Guy Dollé, the company's chief executive, used every defence they could torebuff[1]Mittal'sh_______①bid. They mobilised politicians, bankers, public-relations advisors and—in what was meant to be the fatal blow to Mittal's bid—a white knightin the guise of[2]Severstal, a Russian steelmaker. (1)But clarity came after a nine-hour meeting on June 25th when Arcelor's board at last aGREed to sell the company to Mittal Steel for cash and stockvalued at
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