Tata Steel pays $12 billion for Corus
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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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Corus pays an undisclosed six-figure sum to a man injured in a fatal explosion at its Port Talbot steelworks.
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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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Anglo-Dutch steelmaker Corus has said that group net profit plunged more than 62 percent during first-half owing to higher raw material and energy costs, as well as lower selling prices.
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Anglo-Dutch steelmaker Corus CS.L   CS.AS met forecasts with a 32 percent decline in first-half   core earnings but its shares fell after it warned there was no   sign of a let-up in cost pressures.
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India's Tata Steel  raised its 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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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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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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Brazilian steelmaker CSN raised the stakes in the bidding war for Britain's Corus Group PLC on Monday, topping a sweetened offer by Tata Steel of India.
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Shares in India's Tata Steel have plunged more than four percent after it raised an offer to buy Anglo-Dutch steelmaker Corus by nearly 10 percent.
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LONDON (Dow Jones/AP) -- Corus Group PLC, one of the world&#39;s largest makers of steel, Thursday reported a profit for the first time in its five-year history.
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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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LONDON/MUMBAI  - India's Tata Steel  is set to become the world's fifth-biggest steel maker after winning a dramatic bid battle for Anglo-Dutch group Corus   with a 6.2 billion pound ($12.2 billion) offer.
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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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High steel prices help Anglo-Dutch steelmaker Corus to report its first ever profit.
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India's Tata Steel  and Corus Group Plc  have agreed an increased takeover offer, valuing the Anglo-Dutch steelmaker at 500 pence per share, the firms said on Sunday.
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Tata Steel of India has bought Anglo-Dutch producer Corus for 13.7 billion dollars, beating Brazilian rival CSN in an auction that highlighted the growing global clout of emerging market companies.