Indian firm wins steel takeover battle

India’s Tata Steel landed the winning blow today in the auction of former British Steel company Corus.

Indian firm wins steel takeover battle
Wed, 31 Jan, 2007 - 07:48

India’s Tata Steel landed the winning blow today in the auction of former British Steel company Corus.

Tata offered 608p a share, valuing Corus at £5.75bn (€8.7bn), after going head to head with Brazil’s CSN in a late-night process run by the Takeover Panel.

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CourtsBusinessHeathrowPlace: IndiaPlace: UKPlace: ScunthorpePlace: RotherhamPlace: Port TalbotPlace: NetherlandsOrganisation: Tata SteelOrganisation: British SteelOrganisation: CorusOrganisation: TataOrganisation: CSNOrganisation: HoogovensOrganisation: Tata Group
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