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.

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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