Corus helps push FTSE into black

Shares in Corus soared 5% today as investors sat back and enjoyed a dramatic bidding war for the Anglo-Dutch steel company.

Corus helps push FTSE into black
Mon, 11 Dec, 2006 - 18:52

Shares in Corus soared 5% today as investors sat back and enjoyed a dramatic bidding war for the Anglo-Dutch steel company.

The stock rocketed after the firm backed a £4.9bn (€7.2bn) takeover offer from Brazilian firm CSN, which had trumped a £4.7bn (€7bn) approach from Tata Steel just hours earlier.

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CourtsBusinessFTSEPlace: UKPerson: BraziliansOrganisation: CorusOrganisation: FTSEOrganisation: CSNOrganisation: Tata SteelOrganisation: Lloyds TSBOrganisation: British SteelOrganisation: TataOrganisation: HSBCOrganisation: Royal Bank of ScotlandOrganisation: BarclaysOrganisation: Bank of AmericaOrganisation: ShireOrganisation: SMGOrganisation: UTVOrganisation: Southern CrossOrganisation: iSoftOrganisation: NHSOrganisation: Rolls-RoyceOrganisation: International PowerOrganisation: Imperial TobaccoOrganisation: Cairn Energy
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