In an overnight auction run by the U.K. takeover regulator, India-based Tata’s 608 pence-a-share bid edged out a final bid of 603 pence a share from Brazilian steelmaker Companhia Siderurgica Nacional (SID), or CSN. The move establishes the world’s fifth-largest steel maker by output. In a statement later Wednesday in London, Tata said it expects, subject to [...]



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Posted: 01|31|07 at 3:13 pm. Filed under: Auction News.