Mittal, ISG to merge this week
Mittal Steel Company N.V. and International Steel Group Inc. (ISG) will hold an Extraordinary General Meeting of Mittal Steel Shareholders and Special Meeting of ISG Stockholders on April 12, 2005, in order to complete the merger of the two companies. The stockholders of ISG will have until 5:00pm EDT on April 15, 2005, to exchange their shares for either cash or Mittal Class A shares. It is anticipated that half of ISG's shares will be turned in for cash while the rest of the stockholders opt for Mittal shares. ISG, with its 13 major steel production and finishing facilities in eight states, will become the North American hub of Mittal Steel.