Monday, June 25, 2007

Metal Industry Takeovers Doubled Last Year, PricewaterhouseCoopers Says

(Bloomberg) -- Metal-industry mergers and
acquisitions more than doubled to $77.4 billion last year as
companies sought to expand to meet rising global demand for the
commodities, PricewaterhouseCoopers LLP said.

Steel transactions, worth a combined $70.4 billion,
accounted for most of the deals, led by Mittal Steel Co.'s $38.3
billion purchase of Arcelor SA to create the world's largest
producer, PricewaterhouseCoopers said today in a report.


Read more at Bloomberg Commodities News

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