如果米塔尔在标购到期之前能够收购阿塞洛超过50%的股票，阿塞洛与谢韦尔的合并案就会化为泡影。

If Mittal manages to buy more than 50% of Arcelor shares by the time the tender offer expires, the Severstal deal will fall through.

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在过去的五个多月，阿塞洛的管理层用尽了一切办法阻止与米塔尔的合并。

Over the past 5 months Arcelor's management have done everything they can to prevent a deal with Mittal Steel going ahead.

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即便与俄罗斯人的合并案获得通过，米塔尔仍可以在7月份收购要约失效以前通过购买阿塞洛73%的股权来达成自己的目标。

Even if the Russian deal is approved, Mr Mittal can still scupper it, by buying 73% of Arcelor shares through his own tender offer before it expires in July.

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