Aleksei Mordashov, the CEO of Russian Steel Co. Severstal says he is befuddled by his proposed $16.5 Billion deal with the steel giant Arcelor.
"The deal would create the world's largest steel company with a 6% of global production," Mordashov says.
It would also give him a 32% share of the new company his critics say.
Arcelor, apparently is a national treasure in the European countries where it operates - Fance and Belgium.
Another company, Mittal, wants to buy out Arcelor and the Arcelor board doesn't like that idea either. It sounds to me like they just don't want to be bought out.
It sounds like a game of Monopoly going on at a real world global level.
Mittal has the backing of Goldman Sachs Investment Bank - wait! isn't that the company our new Treasury Secretary worked for?
It's a fight -
Who do you think is going to win?
