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When Indian-born billionaire Lakshmi Mittal launched a 25.8bn euros ($32.3bn) take-over bid in January, Arcelor director Guy Dolle denigrated Mittal’s products saying, “They make eau de Cologne, we make perfume.” Mittal upped the price by 10 percent of the initial offering, and the Luxembourg corporation decided it will not just make “eau de Cologne, but curry if Lakshmi insists.â€? Sit, roll over and play dead, good dog.

For more on this merger, visit Arcelor