Avalokan

Mr. Laxmi Mittal has finally done it..
It was a long wait indeed but i guess it was all worth it.

I have my doubts whats the real reason for my excitment, is it really due to the formation of a company thats as big as four times its nearest rival..ya maybe thats one.
But the real one is i guess his perseverence that he showed in achieving what he has achieved,it was nothing short of a hollywood thriller!!

He made his intentions clear long ago and faced not much favour from both arcelor as well as the industry..Guy Dolle booed him and cursed him and termed it as an 'hostile' bid.He even went on to make certain remarks which were widely perceived as having racial overtones.
What was heart warming for a person like me was that he never cared to reply to any of Mr.Dolle's remarks eventhough they were pretty rude at times.

But it was never about petty utterings for the Mittal Steel boss, who kept his focus on realising his dream.
He went about garnering support from the people who really mattered-the share holders.
Even a last moment Severstal-Arcelor deal couldn't deter his faith and he kept about his task out of reaching out to the shareholders and uprising them about the realities that they must face, and that he wouldn't let them down.He depended on them!

And it seems now that they didn't let him down either.The share holders voted the Arcelor-Severstal deal out,as they refused to be bullied into Russia just because the Arcelor boss wanted to prevent,at any cost, the Indian from taking over the company.

But Mittal-Arcelor is a reality now and Mr.Mittal believes in it!It's a major step towards consolidation of an industry plagued by just too many producers.
Only time will tell how right he is..he hasn't proved wrong too many times though ;-)