Brussels, (Belgium): Luxembourg-based steel company Arcelor has confirmed receiving Mittal Steel's business plan for its $33 billion takeover bid.
The plan has been received under cover of a confidentiality agreement.
Arcelor had been asking for this plan to evaluate the offer made by Mittal steel.
Arcelor SA said on Wednesday it would meet Mittal Steel Co ''in the coming days'' to discuss the details of Mittal's $33 billion bid.
The Luxembourg-based firm said it could now meet Mittal because it had received a standalone business plan from the company on Friday.
''Arcelor has identified a number of questions related to the business plan and has requested a meeting for the purpose of seeking answers to these questions,'' it said in a statement.
''The receipt of this business plan had been an outstanding request in order for Arcelor to evaluate the unsolicited offer made by Mittal Steel.''
Mittal chief executive Lakshmi Mittal had sought a meeting earlier, explaining that the company could not hand over further details until it had won antitrust clearance for EU regulators.
EU approval came through Friday and that evening Mittal handed the plan to Arcelor.
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