{"id":605,"date":"2007-01-31T09:49:40","date_gmt":"2007-01-31T04:19:40","guid":{"rendered":"http:\/\/www.chiragmehta.info\/chirag\/2007\/01\/31\/tatas-bag-corus-for-113-bn\/"},"modified":"2007-01-31T09:54:41","modified_gmt":"2007-01-31T04:24:41","slug":"tatas-bag-corus-for-113-bn","status":"publish","type":"post","link":"https:\/\/www.chiragmehta.info\/chirag\/2007\/01\/31\/tatas-bag-corus-for-113-bn\/","title":{"rendered":"Tatas bag Corus for $11.3 bn"},"content":{"rendered":"<p><font class=\"HeadingCategory\">The <strong>Tatas beat <\/strong>Brazil&#8217;s <strong>CSN <\/strong>to <strong>acquire Anglo-Dutch  steelmaker Corus Group Plc <\/strong>at slightly more than $11 billion.<\/font><\/p>\n<p><font class=\"HeadingCategory\">With a bid  of <strong>608 pence a share<\/strong>, Indian corporate giant Tata Steel outsmarted CSN&#8217;s 603  pence a share offer during the <strong>night-long auction process. <\/strong><\/font><\/p>\n<p><font class=\"HeadingCategory\">CSN officials  confirmed pulling out of the race to acquire Europe&#8217;s second-largest steel firm  after a final offer of 603 pence a share.<strong> Tata officials remained  tightlipped.<\/strong><\/font><\/p>\n<p><font class=\"HeadingCategory\">Tata Steel raised its final offer to 608 pence a share by  the time the auction entered the concluding<strong> ninth round<\/strong> from 500 pence a share  at the start of the auction.<\/font><\/p>\n<p><font class=\"HeadingCategory\">The company also stated that it will shortly  seek approval of its revised offer from the Board of Corus Group Plc and the  $11.3 billion transaction is likely to be finished by the mid-March this  year.<\/font><\/p>\n<p><font class=\"HeadingCategory\">Read More @ <a href=\"http:\/\/www.ndtv.com\/breakingnews\/default.asp?refno=131200795331AM\">NDTV<\/a><br \/>\n<a href=\"http:\/\/www.ndtv.com\/breakingnews\/default.asp?refno=131200792544AM\" \/><\/font><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Tatas beat Brazil&#8217;s CSN to acquire Anglo-Dutch steelmaker Corus Group Plc at slightly more than $11 billion. With a bid of 608 pence a share, Indian corporate giant Tata Steel outsmarted CSN&#8217;s 603 pence a share offer during the night-long auction process. CSN officials confirmed pulling out of the race to acquire Europe&#8217;s second-largest [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[8,13],"class_list":["post-605","post","type-post","status-publish","format-standard","hentry","tag-india","tag-tata","post-preview"],"_links":{"self":[{"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/posts\/605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/comments?post=605"}],"version-history":[{"count":0,"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/posts\/605\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/media?parent=605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/categories?post=605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/tags?post=605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}