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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Corus, Britain&#39;s biggest steelmaker, yesterday reported its first profits since the merger of British Steel and Dutch rival Hoogovens five years ago.
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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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Corus, the Anglo-Dutch steel maker, celebrated its first ever profit yesterday and said its UK plants had contributed to the turnaround.
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High steel prices helps the UK's biggest steelmaker Corus to report a profit for the first six months of 2004.
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The steel group Corus today announced pre-tax profits of Â£163m for the six months to the end of June - its first interim profits since its formation in 1999.
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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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The regulator approved Corinâs Corment implant, bringing competition to the increasingly common procedure.
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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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Attempts by competing Indian and Brazilian steelmakers to acquire the Anglo-Dutch steel producer Corus Group developed into a full-fledged bidding war today.
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A behind-closed-doors auction is set to take place for Anglo-Dutch steelmaker Corus.
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European stocks have fallen as caution prevailed before a US interest rate decision, but shares in London-listed Corus surged after Tata Steel clinched a multi-billion-dollar takeover of the group.
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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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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 firm Tata Steel says it is considering making a takeover bid for Anglo-Dutch steel firm 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 .