Tata Steel wins Corus auction with 13.7 billion-dollar offer
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Tata Steel of India appears set to become the world's fifth-largest steel producer after beating its Brazilian rival CSN in an auction to take over Anglo-Dutch steelmaker Corus with a 13.7 billion-dollar bid.
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Indian tycoon Ratan Tata says he could give no guarantees over the safety of jobs, following his firm's successful bid for Anglo-Dutch steelmaker Corus Group Plc.
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AMSTERDAM/NEW YORK  - Steel magnate Lakshmi Mittal  on Monday agreed to buy International Steel Group Inc. ISG.N  for $4.5 billion and merge it with his other assets, creating  the industry's largest player at a time when steel prices are  soaring.
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India's Tata Steel is set to become the  world's fifth-biggest steelmaker after winning a bid battle for  Anglo-Dutch steelmaker Corus Group by agreeing to pay 5.75  billion pounds ($11.3 billion).
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Anglo-Dutch steelmaker Corus Group has unveiled the first profit in its five-year history for the first half of the year and says restructuring, strong demand and higher steel prices are keeping its outlook positive.
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Standard Chartered has won a bid for a controlling stake in Indonesia&#39;s seventh-largest bank for about $278 million (155 million pounds), the British bank&#39;s third attempt to buy an Indonesian financial institution, a source says.
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CORUS, the Anglo-Dutch steel-maker, today hit a landmark point in its recovery as it revealed it had achieved its first profitable six months since its creation from the merger of British Steel and Dutch firm Royal Hoogovens in 1999.
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High steel prices help Anglo-Dutch steelmaker Corus to report its first ever profit.
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Anglo-Dutch steel firm Corus says it is  accepting a revised Â£4.7bn takeover offer from Indian rival Tata Steel.
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DETROIT -- Ford Motor Co. picked India's Tata Motors Ltd. as the top bidder for its Jaguar and Land Rover units, the Detroit automaker said Thursday.
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India's Tata Steel  and Corus Group Plc  have agreed an increased takeover offer, valuing the Anglo-Dutch steelmaker at 500 pence per share, the firms said on Sunday.
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India's biggest private steel firm Tata Steel confirmed that it was mulling a possible takeover of Anglo-Dutch steel giant Corus Group.
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Chaparral Steel has accepted a $4.22 billion takeover offer from Gerdau Ameristeel in the latest consolidation move in the steel industry.
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Lakshmi Mittal, one of the UK's  wealthiest men, will merge his steel assets and buy  International Steel Group Inc. in a deal worth $17.8 billion to  form the world's largest steel company.
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Billionaire from the UK Lakshmi Mittal on Monday purchased International Steel Group from Wilbur Ross, thus creating the worldâs biggest steel company.
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A behind-closed-doors auction is taking place to win a takeover of Anglo-Dutch steelmaker Corus.
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India's Tata Steel  raised a  bid for Anglo-Dutch steelmaker Corus  to an agreed 4.7  billion pounds ($9.2 billion) on Sunday as it seeks to head off  a potential counterbid from Brazil's CSN .