Corus accepts revised Tata Steel bid
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Anglo-Dutch steelmaker Corus said it had accepted a revised take-over bid from Tata Steel of India worth 5.7 billion pounds including debt (8.4 billion euros, 11.1 billion dollars).
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Anglo-Dutch steel producer Corus yesterday reported its first profit since it was formed by the merger of British Steel and Hoogovens almost five years ago.
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America's biggest steel maker, International Steel Group Inc., agreed to a $4.5 billion buyout bid from a Dutch concern in a multipart transaction that will create the world's largest steel company.
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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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"We hope both parties can reach an agreement in the forthcoming weeks, though these are complex discussions and there is still much work that needs to be done before that position is reached."  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. Ford has entered into "focused negotiations at a more detailed level" with Tata, meaning it has become the preferred bidder for the storied British automakers, the company said in a statement. "There is still a considerable amount of work to do, and while no final decision has been made, we will proceed with further substantive discussions with Tata Motors over the forthcoming weeks with a view to securing an agreement that is in the best interests of all parties concerned," Lewis Booth, executive vice president of Ford's European units, said in a statement. Read more
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The board of Northern Rock has submitted a revised offer to buy out the troubled British bank, upping the amount of money it is prepared to pump in, it said Friday.
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Brazilian steel firm CSN wants to make a rival bid for Corus before the Anglo-Dutch group's shareholders meet on December 4 to consider an offer from India's Tata Steel.
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Canada nickel miner Inco Ltd.   N.TO on Sunday recommended that shareholders accept the   C$19.35 billion takeover offer from Brazil's Companhia Vale do   Rio Doce (CVRD) VALE5.SA.
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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 .
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ThyssenKrupp Stahl, Germany's biggest steel maker, is mulling the possibility of a merger with Anglo-Dutch rival Corus.
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Corus shareholders overwhelmingly vote to accept a Â£5.75bn takeover offer from Indian firm Tata Steel.
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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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Corus Group Plc, the UK&#39;s biggest steelmaker, reported its first profit and revived plans to sell 500 million euros ($608 million) of bonds to refinance debt after it benefited from higher steel prices and cost cuts.
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India's biggest private steel firm Tata Steel is in talks to acquire Anglo-Dutch steel giant Corus Group in a deal anticipated to be worth more than 10 billion dollars, newspaper reports said.
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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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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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Steelmaker Corus is ordered to pay nearly Â£300,000 after the death of one of its workers at its Trostre plant.