Mittal Steel and Arcelor merged in 2006, creating ArcelorMittal, the world?s largest integrated steel company. Both companies were created via a number of mergers and acquisitions, and that growth strategy has continued since the merger. Results for shareholders have been favourable (see chart). After reading ?Integrating steel giants: an interview with the ArcelorMittal post-merger managers? analyze the strategic rationale for this merger, identify the expected benefits, and analyze the sources of improved financial performance resulting from the merger.

Refer to the 2009 ArcelorMittal 20-F SEC filing in the Weekly Readings. After reading the debt and acquisitions discussion of the risks section, discuss the implications of incurring substantial debt in pursuit of growth by acquisition, and the risks ArcelorMittal faced in 2009.

Lastly, from an international financial management perspective, analyze the risks ArcelorMittal must manage as a multinational firm operating within, and across, many national borders.

Mittal Steel and Arcelor merged in 2006, creating ArcelorMittal, the world's largest integrated steel company. Both companies were created via a number of mergers and acquisitions, and that growth strategy has continued since the merger. Results for shareholders have been favourable (see chart). After reading \"Integrating steel giants: an interview with the ArcelorMittal post-merger managers\" analyze the strategic rationale for this merger, identify the expected benefits, and analyze the sources of improved financial performance resulting from the merger. Refer to the 2009 ArcelorMittal 20-F SEC filing in the Weekly Readings. After reading the debt and acquisitions discussion of the risks section, discuss the implications of incurring substantial debt in pursuit of growth by acquisition, and the risks ArcelorMittal faced in 2009. Lastly, from an international financial management perspective, analyze the risks ArcelorMittal must manage as a multinational firm operating within, and across, many national borders