Studz spent freely on new hires, building up mega negotiating teams that helped advise on deals like e.on's bid for Spanish utility Endesa and billionaire Lakshmi Mittal's takeover of European steelmaker Arcelor.
Studz spent freely on new hires, building up mega negotiating teams that helped advise on deals like e.on's bid for Spanish utility Endesa (nyse: ELE - news - people ) and billionaire Lakshmi Mittal's takeover of European steelmaker Arcelor .
Now, as the billionaire steel magnate attempts to corral enough shareholder votes to complete Mittal Steel's hostile takeover of Luxembourg-based rival Arcelor by the end of June, he has reiterated his belief that consolidation will improve the sustainability of the industry.