Battle for Corus heats up
The battle for control of Anglo-Dutch steel firm Corus took another twist on Monday as Brazilian steelmaker CSN increased its offer to 515 pence a share. This values Corus at €4.9bn. At the weekend, Indian industrial conglomerate Tata had upped its bid to 500 pence in cash, beating CSN’s previous offer. Tata said on Monday it would now reconsider its position in the light of the upgraded CSN offer.
Thank you for donating to DutchNews.nl.
We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.Make a donation