Mittal Steel Company N.V. Announces Merger of Mittal Steel USA ISG Inc. and Ispat Inland Inc.
23 December 2005 - 12:00AM
PR Newswire (US)
CHICAGO, Dec. 22 /PRNewswire-FirstCall/ -- Mittal Steel Company
N.V. (NYSE:MT)(AEX:MT) ("Mittal Steel") today announced that its
wholly owned U.S. operating subsidiaries, Mittal Steel USA ISG Inc.
("ISG") and Ispat Inland Inc. ("Inland") will merge. Under the
proposed transaction, Inland will be merged with and into ISG, with
ISG being the surviving corporation of the merger. The merger is
subject to customary regulatory and third-party approvals.
Following the consummation of the merger, ISG will be renamed
Mittal Steel USA Inc. The merger is an important step in Mittal
Steel's ongoing U.S. integration plan, following Mittal Steel's
acquisition of ISG on April 15, 2005, and is expected to close near
the end of 2005 or early in 2006. About Mittal Steel USA Mittal
Steel USA is North America's largest steelmaker and serves a broad
U.S. manufacturing base. The company was formed in April 2005 and
consists of Ispat Inland Inc. and Mittal Steel USA ISG Inc.,
formerly International Steel Group. It has operations in 12 states
of the United States. About Mittal Steel Company Mittal Steel
Company N.V. (NYSE:MT)(AEX:MT) is the world's largest and most
global steel company. The company has operations in 16 countries,
on four continents. Mittal Steel encompasses all aspects of modern
steelmaking, to produce a comprehensive portfolio of both flat and
long steel products to meet a wide range of customer needs. It
serves all the major steel-consuming sectors, including automotive,
appliance, machinery and construction. For 2004, Mittal Steel had
revenues of US$22.2 billion and steel shipments of 42.1 million
tons. The company trades on the New York Stock Exchange and the
Euronext Amsterdam under the ticker symbol "MT." For additional
information on Mittal Steel, please see http://www.mittalsteel.com/
. DATASOURCE: Mittal Steel USA CONTACT: David C. Allen, Corporate
Communications, Mittal Steel USA, +1-312-899-3692 or
+1-219-399-5430 Web site: http://www.mittalsteel.com/
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