This guy Mittal is phenomenal! He has been able to build a business from almost nothing and by buying losing steel plants into the largest steel empire of the world! Now, he has engineered a Merger with Arcelor! European steelmaker Arcelor and the L N Mittal Group have decided to merge in principle, according to reports. Under the agreement, the stake of the Mittal Group will reduce to 45 percent and the merged firm will be called Arcelor Mittal. While Lakshmi N Mittal will be the co-chairman, the majority of the board will be from Arcelor. Read more