The European Union rarely saw hostile corporate takeovers. The structure of corporate ownership and governance across most of Western Europe made gaining control - without the cooperation of the target firm - exceedingly difficult. Despite the challenge, Mittal Steel, the world's largest steel producer, was determined to acquire Arcelor, the world's second largest steel maker. The very public hostile acquisition of Arcelor by Mittal Steel in 2006 was a study in the complexity of crossborder acquisitions. The fight-and it may be best described as a fight-involved Arcelor, a Luxembourg-based multinational steel company, deploying nearly every known defense mechanism to stave off Mittal Steel's hostile acquisition. Legal, societal, political, strategic, national, and even possibly ethnic differences and issues were deployed. In the end, despite larger-than-life personalities and the differences in corporate takeover law across countries, the outcome was driven by shareholder rights and returns.

【書誌情報】

ページ数：18ページ

サイズ：A4

商品番号：HBSP-TB0599

発行日：2020/1/1

登録日：2020/8/7