Indian firm wins race for Corus
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Indian company Tata wins the Â£6bn battle to take over Anglo-Dutch steelmaker Corus.
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Attempts by competing Indian and Brazilian steelmakers to acquire a big British-Dutch producer, the Corus Group, turned into a bidding war on Monday.
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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  won a bid battle for Anglo-Dutch steelmaker Corus Group   on Wednesday by agreeing to offer investors 608 pence per share in cash, or 5.75 billion pounds ($11.3 billion).
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Anglo-Dutch steelmaker Corus reported the first profit since its birth in 1999 thanks to cost cuts, rising metals prices and strong demand, notably from China.
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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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Corus shareholders on Wednesday overwhelmingly backed a takeover of the Anglo-Dutch steel group by Tata Steel of India, as 97 percent of voters approved a deal worth 7 billion pounds.
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Corus lifted a threat to 1,700 steelworkers&#39; jobs today by securing the future of a major operation in the north-east. The company ended speculation over the imminent shutdown of its Redcar site with the announcement
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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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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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LONDON/MUMBAI  - India's Tata Steel  is set to become the world's fifth-biggest steelmaker after winning a battle for Anglo-Dutch steelmaker Corus Group  with a 6.2 billion pounds ($12 billion) offer.
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Anglo-Dutch steelmaker Corus has reported a profit for the first time since it was formed in 1999. Surging steel prices have helped the company lift earnings, and it has cut jobs and sold a number of businesses.
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Guillermo Coria displayed his growing  maturity on fast surfaces with a swift 6-2, 6-4 first-round  victory over local favorite Raemon Sluiter at the World Indoor  Tennis Tournament Monday.
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Anglo-Dutch steel firm Corus accepts a revised takeover offer from Brazil's CSN, hours after backing a Tata bid.
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Leading shares staged a late rally to help the FTSE 100 post modest gains, with Corus' share price soaring by more than five percent amid hopes of a bidding war for the Anglo-Dutch steel group.
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NEW DELHI -- India's five-month-old governing coalition received a major boost yesterday when the ruling Congress Party won a solid victory over Hindu nationalist parties in a state election that had been widely seen as a test of the new government's staying power.
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STEEL group Corus unveiled profits for the first time yesterday after soaring prices and a restructuring boosted the former British Steel business.