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Cold Steel - School Essays

Cold Steel

The book is an interesting and captivating read which will take you by surprise when you may come to know that phone calls are prone to being tapped when you are in the game of hostile takeover. This book provides a detailed insider account of the unsolicited/hostile takeover bid of Arcelor by Mittal Steel. Though this book in not written by an insider to the whole takeover transaction, the authors claim to have extensively interviewed most of the insiders. As one reads the books, one realizes that the amount of research that has gone into the book and the kind of details that have been described – it is not possible to write such things unless either one is letting the imagination run wild ...

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to finish by Sunday late evening.

The language used in the book is easy to understand. For any person who has basic theoretical understanding of Mergers and Acquisitions (M&As) and terms like White Knight, While Squire, Poison Pill etc. would be able to thoroughly enjoy the book. For any person who has no understanding of these things need not worry because as you would read the understanding would be clear and there would be no need to refer to any special sources to understand technical things or M&As.

The book starts with Mittal Steel’s successful bidding for Ukrainian steel company Kryvorizstal in 2004. Arcelor and Mittal Steel both were in the race and Mittal won the bid. Initial chapters of the book make clear the race between Mittal Steel and Arcelor – how intense and important the race is for all the people. The egos of Arcelor CEO Guy Dolle and Mittal Steel’s Lakhsmi Mittal, their aspirations and how seriously both of these commanders are taking the battle are made ...

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PAPER DETAILS

Added: 7/13/2012 12:22:20 PM
Submitted By: meghamathur1
Category: Book Reports
Type: Premium Paper
Words: 622
Pages: 3

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