Financial Times FT.com

Arcelor considers counter-bid for Alpha

By Julie MacIntosh in New York

Published: July 31 2008 23:34 | Last updated: July 31 2008 23:34

ArcelorMittal is considering whether to disrupt the $8.8bn takeover of US coal miner Alpha Natural Resources by Cleveland-Cliffs with a counter-bid, people close to the companies say.

ArcelorMittal, the world's largest steelmaker, is also considering other options, including waiting for the deal to fall apart or sitting on the sidelines until it closes so it can buy the combined company.

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