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Monday, January 30, 2006
Arcelor takeover attempt
Imagine Microsoft launching a hostile takeover of Apple Computer. Something like that scenario is playing itself out in the steel industry right now. European steel company Arcelor turned down a $23 billion dollar offer from Indian billionaire Lakshmi Mittal. But because of the attempted deal, steel company stocks have surged in overseas markets today. From London, Stephen Beard reports on what a steel mega-merger would mean to you.
ALSO ON THIS SHOW...
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DOW -1.49% |
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NASDAQ 0.27% |
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S & P -1.18% |
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