Tata Steel says Corus deal visionary; stock tumbles on price concerns
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India's Tata Steel said its acquisition of Anglo-Dutch steelmaker Corus is a &quot;visionary move&quot; but investors were giving the deal a thumbs down as too expensive and sent the stock plunging more than 9.5 percent.
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Tata Steel  Chairman Ratan Tata wants to make the UK operations of Anglo-Dutch group Corus  more profitable and cannot rule out job cuts, he told the Financial Times in an interview.
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Anglo-Dutch steelmaker Corus Group has swung into the black for the first time in its five-year history and says restructuring, a tight market and price hikes keep the outlook positive for 2004.
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MUMBAI, AUG 23: Shares of steel firms fell in the range of 4 to 7 per cent early on Monday after top producers slashed prices amid government concerns about spiralling inflation, traders said.
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Anglo-Dutch steelmaker Corus will merge with Tata Steel next month once the Indian company's shareholders approve the 13.7-billion-dollar takeover, Tata said.
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Russian steel firm Severstal   is mulling a bid for Anglo-Dutch rival Corus  ,  just days after its merger attempt with Luxembourg&#039;s Arcelor   was derailed, dealers said on Wednesday.
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NEW DELHI -- India's Tata Steel said Wednesday it outbid Brazilian rival CSN to take over European steelmaker Corus Group PLC, offering $11.3 billion for the biggest-ever acquisition by an Indian company.
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Corus Group Plc, the UK&#39;s biggest steelmaker, expects to report its first full-year profit after increasing prices four times since January.
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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 set to take place for 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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A fresh bidding war for Anglo-Dutch steelmaker Corus has erupted when Brazilian group CSN offered about 5.8 billion pounds (8.6 billion euros, 11.3 billion dollars) shortly after Corus had accepted a lower bid from Tata Steel of India.
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Tata Steel  Chairman Ratan Tata  wants to make the UK operations of Anglo-Dutch group Corus   more profitable and cannot rule out job cuts, he  told the Financial Times in an interview.
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Bid target Corus sees a sharp rise in third-quarter profits due to strong demand for steel in Europe.
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Tata Steel of India has out-bid its Brazilian rival CSN in an auction to take over the Anglo-Dutch steelmaker Corus with a bid of 608 pence per share, the Takeover Panel has said.
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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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Brazilian steelmaker CSN  said on Monday it had agreed to buy Anglo-Dutch rival Corus  for 4.9 billion pounds ($9.6 billion), trumping an offer from India's Tata Steel  announced only hours before.