Corus agrees £4.3bn takeover by Tata

British steel maker Corus agreed to a £4.3bn (€6.4) takeover by Indian rival Tata Steel today – ending the UK company’s year-long search for a partner.

Corus agrees £4.3bn takeover by Tata
Fri, 20 Oct, 2006 - 11:44

British steel maker Corus agreed to a £4.3bn (€6.4) takeover by Indian rival Tata Steel today – ending the UK company’s year-long search for a partner.

The Corus board backed the 455p a share bid from Tata after previously holding talks with potential buyers in Brazil and Russia.

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CourtsBusinessHeathrowPlace: UKPlace: BrazilPlace: RussiaPlace: Port TalbotPlace: ScunthorpePlace: RotherhamPlace: ShottonPlace: IndiaPerson: DirectorPerson: B MuthuramanPerson: Philippe VarinPerson: John RowsePerson: Secretary ofPerson: Peter HainPerson: Jim LengPerson: Ratan TataOrganisation: CorusOrganisation: TataOrganisation: Tata SteelOrganisation: Tata GroupOrganisation: Tetley TeaOrganisation: SeverstalOrganisation: Transport and General Workers UnionOrganisation: T&GOrganisation: MittalOrganisation: ArcelorOrganisation: Arcelor-MittalOrganisation: British SteelOrganisation: Hoogovens
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