British union demands talks with Tata amid plan to revamp Corus
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Britain's largest steel trade union has demanded a meeting with Indian tycoon Ratan Tata, seeking assurances he will remain committed to expanding Corus Group Plc after his winning 13.7 billion dollar bid for the Anglo-Dutch steelmaker.
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Ford Motor Co.  heads into a round of contract talks with its major union as the automaker seeks sweeping changes worth billions of dollars that would transform it into a strong contender, according to people familiar with the upcoming negotiations.
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Tata Motors said that it was entering detailed talks with Ford about the takeover of Jaguar and Land Rover, confirming what investors and analysts have anticipated for months.
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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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Trade union leaders said they would meet with bosses at Ford this week amid reports the US car giant plans to shut a plant in Warwickshire making luxury Jaguar cars, resulting in 2,000 job losses.
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The National Union of Mineworkers begins talks about merging with Britain's biggest rail union.
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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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LONDON/MUMBAI  - Brazilian steelmaker CSN has agreed to buy Anglo-Dutch rival Corus Group for 4.9 billion pounds ($9.6 billion) in cash, trumping an offer agreed only hours earlier with India's Tata Steel.
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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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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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The chairman of Indian conglomerate Tata confirms that he is interested in making a bid for Jaguar and Land Rover.
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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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"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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Tata Steel topped an offer from Brazilâs Companhia SiderÃºrgica Nacional to win a heated auction for its European rival, the Corus Group.
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India's Tata Steel is widely expected to raise its offer for steelmaker Corus ahead of a takeover deadline.
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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 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 say.