Business Today in 2 Minutes: Indian Group May Take Over Corus

The JournalOctober 18, 2006

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Summary


CORUS could become the world's fifth-largest steel business after receiving a pounds 4.1bn takeover proposal from Tata, the steel division of Indian group Tata.

Corus said there was no certainty a full offer would follow. If a deal went ahead, it would be the largest Indian takeover of a foreign company.

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Business Today in 2 Minutes: Indian Group May Take Over Corus

The o...

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