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matters of the business world… laxmi mittal is taking the world by storm… for those in the dark.. he is the third richest man in the world… mittal steel… based in netherlands n has businesses all over europe… n wats the issue???… he has bid for a company called arcelor… 23 billion dollars… a hostile bid at that… arcelor is no small fish in the steel industry… it’s share in the industry is second largest… so it’s a clash of the titans… but is the game plan fair???… i think it was a fair game as long as the politicians were not involved… hostile bids happen in this world… wats new about it???… but there is no fair play here… politicians are involved… they do not want the bid to get through… reasons??… officially they say the people working will be laid off… the profits of arcelor would be used for his other companies in US n this will not be in the interests of the shareholders… n the unofficial reason… he is an indian… there have been talks about him being an indian and therefore the company doesn’t want this deal to go through… if the bid was from some US citizen would the politicians be involved???…
mittal has already promised that no one will lose their jobs… since the time the bid has been put forward 9 billion dollar worth of additional value has been created in the two companies… now doesn’t this point towards common sense???… shareholders want the deal to get through… its only the politicians n the management of the company who are against this bid… they should remember that in the end it’s the shareholders interests that’s more important… n put racism and their ego at rest… ego… yes that’s because they had never in their wildest dreams foreseen that an indian would try to take over their company…
mr mittal… we indians are with you…. may the deal get through… cheers…