Today's talk of the town among business community is the Tata's aquatition of Corus Group, the Anglo-Dutch steel firm for £6.7 billion. Tata's, seen as the underdogs, won the deal by a margin of just 5 pence a share.
The auction made a bit of a history with Corus becoming only the third company — after Canary Wharf and QXL Ricardo — to be sold in this manner. The merger would create the world's fifth biggest steel company.
India going global...
Feb 1, 2007
What a deal... !
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