International Steel Group Stockholders Vote To Approve Merger With Mittal Steel
12 April 2005 - 7:55PM
PR Newswire (US)
International Steel Group Stockholders Vote To Approve Merger With
Mittal Steel RICHFIELD, Ohio, April 12 /PRNewswire-FirstCall/ --
Stockholders of International Steel Group Inc. (NYSE:ISG) voted to
approve the proposed merger of ISG and Mittal Steel Company N.V. at
a special meeting held today at 10:00 a.m. Eastern time in New
York. Holders of approximately 69.7% of ISG's common stock were
represented at the meeting in person or by proxy. Of the votes
present at the meeting, approximately 99.6% were voted in favor of
the proposed merger, representing approximately 69.4% of all shares
entitled to vote on the proposal. Approximately 0.4% of the votes
present at the meeting were voted against the merger, and the
remainder abstained or were otherwise not voted. About
International Steel Group Inc. International Steel Group Inc. is
one of the largest steel producers in North America. It produces a
variety of steel products including hot-rolled, cold-rolled and
coated sheets, tin mill products, carbon and alloy plates, wire rod
and rail products and semi-finished shapes to serve the automotive,
construction, pipe and tube, appliance, container and machinery
markets. For additional information on ISG, visit
http://www.intlsteel.com/ . Forward-Looking Statements Statements
in this release that are not historical facts, including statements
accompanied by words such as "will," "believe," "expect,"
"estimate," or similar terms, are forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward- looking statements involve risks and uncertainties
that may cause actual results or events to differ materially from
those expressed or implied in such statements. These statements
contain time-sensitive information that reflects management's best
analysis only as of the date of this release. ISG does not
undertake any ongoing obligation, other than that imposed by law,
to publicly update or revise any forward-looking statements to
reflect future events, information or circumstances that arise
after the date of this release. Factors that may cause actual
results and performance to differ materially from those in the
forward-looking statements include, but are not limited to,
negative overall economic conditions or conditions in the markets
served; competition within the steel industry; changes in U.S. or
foreign trade policy affecting steel imports or exports; changes in
foreign currencies affecting the strength of the U.S. dollar;
actions by domestic and foreign competitors; the inability to
achieve ISG's anticipated growth objectives; changes in
availability or cost of raw materials, energy or other supplies;
labor issues affecting ISG's workforce or the steel industry
generally; the inability to implement ISG's operating culture and
philosophy at acquired facilities; and the extent to which the
management of Mittal Steel and ISG are successful integrating and
managing the operations of Mittal Steel and ISG. Further
information concerning issues that could materially affect
financial performance related to forward-looking statements can be
found in ISG's filings with the Securities and Exchange Commission.
Additional Information and Where to Find It Mittal Steel has filed
with the Securities and Exchange Commission a registration
statement on Form F-4 that includes a proxy statement of ISG and a
prospectus of Mittal Steel and other relevant documents in
connection with the proposed merger involving Mittal Steel and ISG.
In addition, Mittal Steel has published and made available to
shareholders of Mittal Steel, and filed with Euronext Amsterdam
N.V., a prospectus and shareholders circular. Investors and
security holders are urged to carefully read the prospectus
regarding the proposed merger because it contains important
information and to exclusively base their investment decision on
this prospectus. Investors and security holders of Mittal Steel and
ISG are urged to read the proxy statement and prospectuses and
other relevant materials because they contain important information
about Mittal Steel and ISG and the proposed merger. Investors and
security holders may obtain a free copy of these materials and
other documents filed with the Securities and Exchange Commission
at the SEC's website at http://www.sec.gov/ . You may obtain
documents filed with the SEC by Mittal Steel free of charge if you
request them in writing from Mittal Steel Company N.V., 15th Floor,
Hofplein 20, 3032 AC Rotterdam, The Netherlands, or by telephone at
+31 10 217 8800. You may also obtain documents filed with the SEC
by ISG free of charge if you request them in writing from Investor
Relations, International Steel Group Inc., 4020 Kinross Lakes
Parkway, Richfield, Ohio 44286-9000, or by telephone at (330)
659-7430. DATASOURCE: International Steel Group Inc. CONTACT:
Investor Relations, Blaise Derrico, Manager, Investor Relations,
+1-330-659-7430, or Media, Charles T. Glazer, Manager,
Communications and Public Relations, +1-330-659-9121, both of
International Steel Group Inc. Web site: http://www.intlsteel.com/
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