Arcelor-Mittal Takeover (Version 2)

First, shareholder activism is increasing in a continent where until recently it was depressingly rare. | Second, and more importantly, the Arcelor Mittal deal demonstrates Europe's deepening integration into the global economy. | The takeover battle raged for six months before Arcelor's bosses finally listened to shareholders who wanted the board to accept Mittal's third offer. | The story tells us two things about European business, both positive. | It was taken over by Mittal, a Dutch-registered company run from London by its biggest single shareholder, Lakshmi Mittal, an Indian who started his first business in Indonesia.