Steel Tycoon to Buy ISG in $4.5B Deal

Dutch steel tycoon, Lakshmi N. Mittal, announced plans to buy U.S. steelmaker International Steel Group Inc. for $4.5 billion. The deal will create one of the largest global metals companies with anticipated 2004 sales of $31.8 billion. The company will be renamed Mittal Steel Co. NV.  Shares of ISG surged $5.57, up 19 percent, closing at $35.25 on the day of the announcement.   Full Story>>