Corus Steel auction may top 5 billion pounds

Published January 31st, 2007


Siderurgica Nacional SA and Tata Steel Ltd. began bidding for Corus Group Plc, Britain’s biggest steelmaker, at an auction that may drive the price as high as 5.2 billion pounds ($10.2 billion). The U.K. Takeover Panel ruled last week that Corus should sell itself to the highest bidder after three months of competing offers failed to [...]



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