Judge says no to blocking the Arcelor-Mittal deal!

The latest legal hurdle in the Arvelor-Mittal affair came to a close with the judge refusing to grant the motion to block the all too famous Arcelor-Mittal deal.the main proponents of this motion were the fund managers who have claimed in the dutch court that they were shortchanged by the AM company.they have argued until they were blue in the face but the judge overruled them pointing out that the dutch court did not have any legal jurisdiction over the AM company which by the way is based in Luxemborg!
At last one more battle won by the AM team.Mittal wants the first phase of the deal to be complete the first phase by Sept. 3.lets hope that he can do that and that there are no more legal hurdles to jump through.