PM, Chirac discuss Mittal146;s Arcelor bid

Chirac, who has raised questions over the bid, said he did not understand what all the 8216;8216;fuss8217;8217; was about. He said a hostile bid had been made but no follow-up development plans were disclosed. 8216;8216;We do not act and there is no intention to act against any company. No development plan has been presented and we are waiting for such a plan,8217;8217; he said in response to a query on whether the French government planned to directly or indirectly against Mittal.

He insisted that the concerns in Europe over Mittal8217;s 8216;8216;hostile8217;8217; bid were absolutely legitimate as it was made 8216;8216;contrary to practice8217;8217; but went on to add that he was 8216;8216;not pre-judging anything8217;8217;. Chirac also said Mittal had just made a 8216;8216;financial bid8217;8217; and was within his rights to do so.