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Arcelor Acquires Dofasco
Mar 10, 2006
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Arcelor S.A. said an additional 7,967,623 common shares of Dofasco Inc., including shares deposited by guaranteed delivery, were deposited to Arcelor's offer to acquire all of the outstanding common shares of Dofasco for CAD $71 (approx. U.S. $61) in cash per Dofasco common share between Feb. 20, 2006, the previous expiry date of the offer, and 8:00 p.m. on March 7, 2006, the latest expiry date of the offer. To date, a total of 77,530,766 common shares of Dofasco, representing 98.5 percent of all outstanding Dofasco common shares, have been deposited to Arcelor's offer. Payment for all deposited Dofasco common shares for which payment has not already been made is expected to be made on or prior to March 10, 2006.

Its offer for Dofasco having expired, Arcelor intends, as soon as permitted, to acquire the remaining Dofasco common shares by means of a statutory compulsory acquisition procedure under the applicable provisions of the Canada Business Corporations Act at the same price as the offer price.

Arcelor also intends, upon acquiring a sufficient number of Dofasco common shares, to de-list the common shares from the Toronto Stock Exchange.

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