muralidhar
10-24-2006, 04:24 AM
Anglo-Dutch steelmaker Corus has accepted a £4.3 billion takeover bid from India's Tata Steel to create what will be the world's fifth-largest steelmaker.
Corus chairman Jim Leng said the offer reflected the value created since the once-struggling group launched its turnaround programme in 2003. The takeover bid, which will need the approval of shareholders of both companies to go ahead, values Corus shares at 455p each. http://indianewshub.com/cms/index.php?option=com_content&task=view&id=907&Itemid=3 (http://http://indianewshub.com/cms/index.php?option=com_content&task=view&id=907&Itemid=3)
Corus chairman Jim Leng said the offer reflected the value created since the once-struggling group launched its turnaround programme in 2003. The takeover bid, which will need the approval of shareholders of both companies to go ahead, values Corus shares at 455p each. http://indianewshub.com/cms/index.php?option=com_content&task=view&id=907&Itemid=3 (http://http://indianewshub.com/cms/index.php?option=com_content&task=view&id=907&Itemid=3)