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Posted AT 8:02 AM EST on 16/02/06

Arcelor boosts dividend

Globe and Mail Update

Arcelor SA, the Luxembourg firm vying to buy Canada's Dofasco Inc., boosted its dividend by 85 per cent Thursday as part of a plan to thwart a $22-billion (U.S.) takeover attempt by rival Mittal Steel Co. Arcelor's chief executive said his company would woo its shareholders, who are being courted by Mittal in one of Europe's biggest takeover battles.

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