Capital market-relevant press releases, 2006-01-16, 09:52 AM
Statement by ThyssenKrupp on the announcement of an increased offer by Arcelor
The Executive Board of ThyssenKrupp AG has noted the announced increase in Arcelor's offer to C$71 per share to the shareholders of Dofasco. ThyssenKrupp will examine Arcelor's announced offer and decide on its next steps.
A Support Agreement exists between Dofasco and ThyssenKrupp to support the ThyssenKrupp offer. This agreement requires Dofasco to keep ThyssenKrupp informed about the status of talks with Arcelor. If Dofasco and Arcelor reach an agreement, ThyssenKrupp is entitled under its Support Agreement with Dofasco to decide within a period of 5 working days whether it wishes to match the new offer conditions of Arcelor ("right to match").