ISG Receives Early Termination Under HSR Act
21 December 2004 - 2:01AM
PR Newswire (US)
ISG Receives Early Termination Under HSR Act RICHFIELD, Ohio, Dec.
20 /PRNewswire-FirstCall/ -- International Steel Group Inc.
(NYSE:ISG) announced today that it has received early termination
of the waiting period under Hart-Scott-Rodino Act for the
previously announced merger of ISG and Ispat International N.V.
Ispat International N.V. (NYSE: IST; Euronext Amsterdam) announced
on December 17 that it had completed its acquisition of LNM
Holdings N.V. and changed its name to Mittal Steel Company N.V.
Mittal Steel (NYSE: MT; Euronext Amsterdam) will trade on the New
York Stock Exchange and Euronext Amsterdam under the ticker symbol
"MT," from Monday 20th December and Friday 17th December
respectively. The merger of ISG and Mittal Steel is subject to
approval by the shareholders of ISG and Mittal Steel and
satisfaction of other customary closing conditions. The transaction
is expected to be completed by the end of the first quarter of
2005. About International Steel Group International Steel Group
Inc. is one of the largest integrated steel producers in North
America and among the top ten globally. It produces a variety of
steel products including hot-rolled, cold-rolled and coated sheets,
tin mill products, carbon and alloy plates, wire rod and rail
products and semi-finished shapes to serve the automotive,
construction, pipe and tube, appliance, container and machinery
sectors. For additional information on ISG, visit
http://www.intlsteel.com/ . Safe Harbor Statement This news release
contains "forward-looking" statements concerning the completion of
the merger of ISG with Mittal Steel and the timing thereof. These
statements are based on our respective management's current
expectations. There are a number of risks and uncertainties that
could cause actual results to differ materially. For more detailed
information on the risks and uncertainties associated with the
transaction and Mittal Steel's and ISG's business activities, see
their respective reports filed with the SEC. The companies
undertake no obligation to publicly update their forward-looking
statements, whether as a result of new information, future events,
or otherwise. Additional Information and Where to Find It Ispat
International has filed with the Securities and Exchange Commission
a registration statement on Form F-4 that includes a proxy
statement of ISG and a prospectus of Ispat International and other
relevant documents in connection with the proposed transaction.
When it becomes final, this proxy statement/prospectus will be
mailed to ISG shareholders. In addition, Ispat International will
publish and make available to shareholders of Ispat International,
and file with Euronext Amsterdam N.V., a prospectus. Investors and
security holders are urged to carefully read the prospectus
regarding the acquisition when it becomes available because it will
contain important information and to exclusively base their
investment decision on this prospectus once available. Investors
and security holders of Ispat International and ISG are urged to
read the proxy statement and prospectuses and other relevant
materials when they become available because they will contain
important information about Mittal Steel Company and ISG and the
proposed transaction. Investors and security holders may obtain a
free copy of these materials (when they are available) and other
documents filed with the Securities and Exchange Commission at the
SEC's website at http://www.sec.gov/ . Ispat International and ISG
and their respective executive officers and directors may be deemed
to be participants in the solicitation of proxies from the ISG
stockholders with respect to the proposed transaction. Information
regarding the interests of these officers and directors in the
proposed transaction will be included in the proxy statement and
prospectuses. All investment is subject to risk. The value of
securities offered may go down as well as up. Past performance is
no guarantee of future returns. Potential investors are advised to
seek expert financial advice before making any investment decision.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any security and shall not
constitute an offer, solicitation or sale in any jurisdiction in
which such offering would be unlawful. DATASOURCE: International
Steel Group Inc. CONTACT: Investor Relations, Blaise Derrico,
Manager, Investor Relations, +1-330-659-7430, or Media, Charles T.
Glazer, Manager, Communications and Public Relations,
+1-330-659-9121, both of International Steel Group Inc. Web site:
http://www.intlsteel.com/
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