M&a- Tata and Corus

TATA- CORUS ACQUISITION Tata acquired Corus, which is four times larger than its size and the largest steel manufacturer in the U.K. The deal, which creates the worlds fifth-largest steelmaker, is Indias largest ever foreign takeover and follows Mittal blades $31 billion acquisition of rival Arcelor in the equal year. Tata acquired Corus on the 2nd of April 2007 for a set of $12 billion. The price per share was 608 pence, which is 33.6% higher than the first offer which was 455 pence. REASONS Tata was whiz of the last(a) cost steel producers in the world and had self enough in raw material. Corus was fighting to keep its productions be at a lower place control and was on the look out for sources of constrict ore Tata had a strong retail and distribution network in India and SE Asia. This would give the European manufacturer an in-road into the emerging Asian markets. Tata was a major supplier to the Indian auto attention and the posit for value added steel products was growing in this market. wherefore on that point would be a powerful combination of high calibre developed and low cost high harvest-home markets Tata was one of the lowest cost steel producers in the world and had self sufficiency in raw material. Corus was fighting to keep its productions costs under control and was on the look out for sources of iron ore Tata had a strong retail and distribution network in India and SE Asia. This would give the European manufacturer an in-road into the emerging Asian markets.

Tata was a major supplier to the Indian auto industry and the demand for value added steel products was growing in this market. Hence there would be a powerful combination of high quality developed and low cost high growth markets APPOINTING ADVISERS |CORUS |TATA | |J P... If you want to get a full essay, come in it on our website: Orderessay

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