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Deja vu for Lakshmi Mittal? Bidding war, national interest and a hostile union

ArcelorMittal, the world s second-largest steelmaker, is said to be considering a bid for US Steel Corp, an American icon founded in 1901 and a symbol of American industrialization. A bid for US Steel would escalate a bidding war already underway, following rival offers of more than $7 billion from Cleveland-Cliffs and Esmark. If ArcelorMittal launches a bid and is successful, it will close an important chapter in American history. ....

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