Deal Snapshot: Megha Mittal to Acquire Bankrupt Escada

Summary


MANAVIGATOR-November 6, 2009-Deal snapshot: MEGHA MITTAL TO ACQUIRE BANKRUPT ESCADA (C)2010 M2 COMMUNICATIONS http://www.m2.com

The insolvency administrator of German Escada (ETR:ESC) has reached an agreement to sell the bankrupt company to Megha Mittal, the daughter-in-law of ArcelorMittal (AMS:MT) CEO Lakshmi Mittal.

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Deal Snapshot: Megha Mittal to Acquire Bankrupt Escada

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