In The News
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2006
Ratan Tata Builds Indian Behemoth Into Global Player October 7, 2006
As Indian companies increasingly look for purchases overseas, they have an unlikely pioneer and champion: Ratan Tata....
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The Deal Diary October 6, 2006
Oh, to have the Rolodex of UBS Investment Bank president Ken Moelis. A long friendship with Harrah's Entertainment Inc. director and Hilton Hotels Corp. co-chairman and CEO Stephen Bollenbach appears to have....
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Global Contest For Steel Supremacy October 5, 2006
The steel industry is consolidating. Some people believe the process is winding up. In fact, it is just beginning. The potential bid by....
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Miner M&A at Crossroads September 27, 2006
Burgeoning metal prices in the first half of 2006 brought mining companies to the land of plenty, and with it a conspicuous desire to get hitched. The recent dip in metals prices may have cooled the ardor for deal-making, for reasons unique to the mining industry....
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Global Steel is Coming Together September 13, 2006
The recent contest for control of Arcelor, won by Mittal Steel, will lead to the combination of the world's two largest steel companies and, as such, represents a watershed event....
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Look For Pick-Up In Distressed M&A In the Next Economic Downturn August 30, 2006
Daily, it seems, we read reports of investment banks staffing up their restructuring groups in anticipation of that elusive next downturn. But, while the need for restructuring....
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Turnaround Professionals Watch Vulnerable Industries June 29, 2006
With the economy refusing to break down, professionals who make a living by fixing troubled companies have been as frustrated as the Maytag repairman....
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Severstal picks boutique for Arcelor merger agreement Industries June 19, 2006
A New York-based consultancy is at the centre of the controversial €26bn ($33bn) merger agreement between Severstal, the Russian steelmaker, and Paris-listed Arcelor.....
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Finally, Face to Face on a Steel Merger June 14, 2006
The public face-off between Mittal Steel and Arcelor, rival steel giants, may soften a bit as a result of a meeting on Tuesday evening in Brussels in which they were expected to discuss a potential merger...
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Arcelor Indicates Some Willingness to Talk With Mittal June 13, 2006
The European steel giant Arcelor formally rejected a 25.8 billion euro ($33 billion) hostile takeover bid by Mittal Steel on Monday. But for the first time, Arcelor said it might be willing to negotiate a deal...
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'Steel man's dream' remains Mittal hope June 8, 2006
Lakshmi Mittal is sure he's going to win - and he is not planning to share. Mittal, the chief executive of Mittal Steel, on Friday derided the corporate governance standards of Arcelor - the company he has been trying to buy...
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Bowing to Pressure, Arcelor Plans to Talk With Mittal Steel June 8, 2006
Facing increasing pressure from angry shareholders, the steel company Arcelor said Wednesday that it would talk to Mittal Steel, which has made a hostile bid for the company....
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Steel Executive Sees Prize Beyond Setbacks June 3, 2006
Lakshmi Mittal is sure he is going to win and he is going to win the whole thing. In an interview on Friday, Mr. Mittal, the chief executive of Mittal Steel, derided...
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Arcelor to Merge With Severstal In Effort to Repel Mittal May 27, 2006
Luxembourg steel maker Arcelor SA officially announced a merger with Russian steel maker OAO Severstal acting as a white knight in an attempt to fend off a €23 billion ($29.43 billion) bid...
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Trouble Ahead: The Challenges Of Post-Default Second-Lien Loans February 22, 2006
While the timing of the next credit downturn is anybody's guess, one thing is certain: The increased prevalence of second-lien debt will...
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