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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Brazilian steel maker CSN raised the stakes yesterday in the takeover war for Britain's Corus Group PLC with a $9.6 billion bid that topped a sweetened offer by Tata Steel of India.
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The Russian company wins a legal skirmish.
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India's Tata Steel would not comment on whether it was staying in the race for Corus Group after investors allied to Brazilian steelmaker CSN were reported to have scaled up their combined stake in the Anglo-Dutch company to more than 15 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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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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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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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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India's Tata Steel is widely expected to raise its offer for steelmaker Corus ahead of a takeover deadline.
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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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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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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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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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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 Saturday.
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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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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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Microsoft Corp. won a battle against open source software supporters in India's technology hub of Bangalore, with local authorities choosing its software for networking the state's utilities and services.