Business News
5/12/2008 7:57:36 AM EST
ArcelorMittal Sues Esmark Over Aborted Steel Mill Sale
BALTIMORE – (AP) ArcelorMittal, the world's largest steelmaker, filed a lawsuit against steelmaker Esmark over the aborted sale of a steel mill near Baltimore.
Luxembourg-based ArcelorMittal claims that Esmark breached its August 2007 agreement to purchase the Sparrows Point plant for $1.35 billion. The proposed sale fell through in December because of financing problems. Full version (available to lexis.com subscribers)
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