Arcelor/Dofasco Hold on tight now

It looks like Arcelor Mittal is going to be stuck with Dofasco. But that’s a $5bn burden that the giant steelmaker is probably happy to bear. This is a convenient resolution of a tangled legal situation. Dofasco was a pawn in the heated takeover battle between Mittal Steel and Arcelor. The Canadian steelmaker was acquired in January 2006 by Arcelor after a bidding war with ThyssenKrupp. When Mittal made its bid for Arcelor a few weeks later, it included a promise to sell Dofasco to ThyssenKrupp...