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Arcelor seeks ally to thwart Mittal
LONDON Jan. 31 (Bloomberg) -- Arcelor SA, the world's second- largest steelmaker, said it may seek an alliance with an Asian company to thwart a hostile 18.6 billion-euro ($22.5 billion) takeover bid by Mittal Steel Co.
``We will take legal action and may consider an alliance or some kind of cooperation,'' Arcelor Chief Financial Officer Gonzalo Urquijo said in a press conference in Madrid today without naming any possible partners. Chief Executive Guy Dolle said yesterday he plans to meet......
