FTSE in positive territory

Corus shareholders reaped further rewards today from the dramatic bidding war involving the Anglo-Dutch steel group.

FTSE in positive territory
Mon, 11 Dec, 2006 - 11:36

Corus shareholders reaped further rewards today from the dramatic bidding war involving the Anglo-Dutch steel group.

Shares soared 5% after it backed a £4.9bn (€7.2bn) takeover offer from Brazilian firm CSN which trumped a £4.7bn (€6.9bn) offer from Tata Steel just hours earlier.

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CourtsBusinessHeathrowOrganisation: FTSEOrganisation: CorusOrganisation: CSNOrganisation: Tata SteelOrganisation: Lloyds TSBOrganisation: British SteelOrganisation: TataOrganisation: HSBCOrganisation: HBOSOrganisation: Royal Bank of ScotlandOrganisation: BarclaysOrganisation: Bank of AmericaOrganisation: SMGOrganisation: UTV
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