Corus accepts £4.3bn Tata offer
TATA + CORUS Deal! Which creates the world’s fifth largest steelmaker is India’s largest ever foreign takeover.
Anglo-Dutch steel firm Corus has confirmed it is accepting a £4.3bn ($8.1bn) takeover offer from Indian rival Tata Steel.
The acceptance of the deal, revealed by the BBC on Thursday, is the largest Indian takeover of a foreign company.
If approved by Corus shareholders, it would create the world’s fifth-biggest steel firm.
Corus employs 47,300 people worldwide, including 24,000 in the UK at plants at Port Talbot, Scunthorpe and Rotherham.
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