Our report on Indian billionaire Lakshmi Mittal's hostile takeover bid for Europe's biggest steel company caused some readers to remark that the West is not ready to face competition from Asia

Why are Europeans so upset over Mittal Steel's bid to merge with Arcelor [Feb. 13]? Where I come from, Western companies have gobbled up local firms—and entire industries, for that matter—and that's supposed to be just fine. It's disturbing to see that when someone from the developing world tries to set foot in the West, the move is always met with convoluted and unfounded criticism. The...

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