A whiff of eau de cologne
Convincing governments is still most crucial for Mittal Steel
Arcelor CEO Guy Dolle is perhaps getting over his aversion towards “eau de cologne”. In one of his now infamous jibes at the “company of Indians,” he had called Mittal steel eau de cologne and likened Arcelor’s steel to perfume. But on April 28, 2006, Arcelor softened its tough stance on Mittal’s $23 billion hostile bid, which had unexpectedly sprung up in late January this year.
Arcelor CEO Guy Dolle is perhaps getting over his aversion towards “eau de cologne”. In one of his now infamous jibes at the “company of Indians,” he had called Mittal steel eau de cologne and likened Arcelor’s steel to perfume. But on April 28, 2006, Arcelor softened its tough stance on Mittal’s $23 billion hostile bid, which had unexpectedly sprung up in late January this year.
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Source: IIPM - Business & Economy
posted by IIPM Mission @ 10:39 AM
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