ArcelorMittal gets court summons over merger

Brussels, Aug 16: ArcelorMittal said today it had received a summons to appear before a judge over its merger, which is being opposed by some Arcelor shareholders.

A majority of Arcelor shareholders accepted a takeover offer from sector leader Mittal Steel after an acrimonious fight between the two companies. But a group of shareholders is seeking an injunction against the deal.

ArcelorMittal will respond to this before a judge in Rotterdam on August 22, the company said in a statement.

''ArcelorMittal believes there are no grounds to these claims,'' it said.

The merger of the two companies is expected to take effect during early September.

Reuters>