12 result(s) displayed (1 - 12 of 12):
Mergers and acquisitions can be convoluted endeavors, and the bigger they are, the messier they can get and the harder it is to keep everyone in the know. Booz & Co. principal Christopher Hannegan and Sean McDade, founder and CEO of PeopleMetrics Inc., highlighted this particular issue on our Deal...
Posted on February 27, 2009 4:24 PM
Write downs are as abundant as opportunistic bids these days. So comes news of the world's largest steelmaking company, ArcelorMittal, posting its first ever quarterly loss -- though it did beat analyst estimates on Ebitda. The steel giant said a recovery could come in the second quarter as it reported...
Posted on February 11, 2009 12:59 PM
One of the most remarkable phenomena in the late, great commodities boom was the rise of ArcelorMittal, the hyperacquisitive, vertically integrated steel giant that is run out of London but present nearly everywhere. We've tracked ArcelorMittal often here, including a course-reversal and production cuts announced earlier in November in response...
Posted on November 25, 2008 1:04 PM
After an aggressive growth strategy (note the 19 deals in three months mentioned below), the world's largest steelmaking company is feeling the effects of a global economic strain birthed on Main and Wall streets. As ArcelorMittal reported third-quarter results Wednesday, chairman and CEO Lakshmi Mittal said, "Looking forward, we...
Posted on November 5, 2008 10:57 AM
Sudhir Maheshwari, responsible for M&A, project and business development at ArcelorMittal, said, "With raw material costs continuing to soar, increasing our upstream self-sufficiency in primary raw materials is a critical component of ArcelorMittal's growth strategy." That's the reasoning behind the steelmaking giant's Monday acquisition of Concept Group, a producer of...
Posted on July 21, 2008 5:08 PM
Up and down the steel value chain, the deals continue. Today's example: Cleveland-Cliffs Inc., the largest producer of iron-ore pellets in North America, will acquire coal miner Alpha Natural Resources Inc. for $10 billion in stock and cash. The strategic rationale is that the enhanced size and scale of the firm will help meet the growing needs of world steel producers....
Posted on July 16, 2008 10:31 AM
The world's largest steelmaker is always busy sourcing and integrating deals. Here's a look at what CEO Lakshmi Mittal and ArcelorMittal have been up to in recent days. To capture a stake in the Chinese automotive sector, the firm is setting up a $729 million automobile steel joint venture...
Posted on June 30, 2008 11:49 AM
Iron ore prices are way up (65% this year), and while stories of stolen manhole covers abound, China -- the world's top steel producer -- is looking to beef up its iron ore deposits through acquisitions. Jiangsu Shagang Group Co., China's biggest privately owned steelmaker, is seeking to buy a...
Posted on June 20, 2008 12:59 PM
Speaking of executives with hefty, acquisition-related documents on their desks: This article from Sunday's Economic Times of India reports that Aditya Mittal, the CFO of steel giant ArcelorMittal, keeps a list of around 240 acquisition targets handy. The London-based company has announced that it will ask shareholders on May 13...
Posted on April 28, 2008 9:57 AM
We recently took a look at ArcelorMittal's use of an innovative Web TV series -- now in its second season -- to facilitate the integration of the two companies following the landmark deal in 2006 that brought them together. Now McKinsey Quarterly brings us more of the story, in the...
Posted on March 5, 2008 8:11 AM
ArcelorMittal, the world's biggest steel company, seems to make deals every week or so, and all over the globe. With more than 320,000 employees in more than 60 countries, how do you go about communicating clearly with them, as all the merger integration playbooks say you should?ArcelorMittal has developed an...
Posted on February 4, 2008 5:00 PM
The world's largest steelmaker has made its fourth acquisition in as many months in Latin America. The last three totaled over $2 billion. ArcelorMittal Wednesday announced a deal to acquire Unicon, the leading manufacturer of welded steel pipes in Venezuela. ArcelorMittal's president and CEO Lakshmi Mittal has been a busy...
Posted on January 9, 2008 2:49 PM
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Juergen Lasowski
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