Indian firm wins steel takeover battle

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

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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