Tata Corus Acquisition - The Deal

The Deal

On January 31, 2007, following the lack of agreement on an offer, an auction process was triggered. Following the conclusion of the auction process (at an unprecedented length of nine rounds) conducted by the Panel in accordance with Rule 32.5 of the Code (the "Auction"), Tata Steel announced the proposed acquisition of Corus Group at 608p per share, that being 5p more than CSN's top offer of 603p. The final valuation of Corus was thus put at $12.04 Billion.

Read more about this topic:  Tata Corus Acquisition

Famous quotes containing the word deal:

    “War is hell and all that, but it has a good deal to recommend it. It wipes out all the small nuisances of peace-time.”
    —Ian Hay (1876–1952)

    “Closest to the truth are those who deal lightly with it because they know it is inexhaustible.”
    —Golo Mann (b. 1909)