Corus bidding war escalates

The takeover battle for steel group Corus intensified today after Brazilian firm CSN trumped an offer from Indian rival Tata Steel.

Corus bidding war escalates
Mon, 11 Dec, 2006 - 08:32

The takeover battle for steel group Corus intensified today after Brazilian firm CSN trumped an offer from Indian rival Tata Steel.

The Corus board backed a 515p-a-share offer from CSN, which valued it at £4.9bn (€7.2bn).

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