ThyssenKrupp expects resolution to Dofasco after April 26 |
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Fri, 19 Jan 2007 16:19
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DUESSELDORF, Germany (AFX) - ThyssenKrupp AG chief executive Ekkehard Schulz said at today's AGM that he does not expect a resolution to his company's long-running attempt to acquire Arcelor Mittal's Dofasco until after April 26.ThyssenKrupp and Mittal Steel signed an agreement last year which runs through April 26, 2007, in which Mittal agreed to sell Dofasco to ThyssenKrupp if Mittal merged with Arcelor.Since that time, Arcelor and Mittal have merged, but ThyssenKrupp has been unable to acquire the Canadian steel company.ThyssenKrupp has also sued Arcelor Mittal over the matter in a Rotterdam court. It is expected to issue a ruling on Jan 23.alfred.kueppers@afxnews.comdpa/amk/icCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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ThyssenKrupp expects decision from Dutch court on Dofasco Jan 23 