1) Second, and more important, the Arcelor Mittal deal demonstrates Europe’s deepening integration into the global economy.
2) The story tells us two things about European business, both positive.
3) First, shareholder activism is increasing in a continent where until recently it was depressingly rare.
4) It was taken over by Mittal, a Dutch-registered company run from London by its biggest single shareholder, Lakshmi Mittal, an Indian who started his first business in Indonesia.
5) The takeover battle raged for six months before Arcelor’s bosses finally listened to shareholders who wanted the board to accept Mittal's third offer.
