Tata Steel in discussion with Corus group to acquire 100%, deal value expected at US$ 10 Billion

Tata Steel Ltd has announced that the Company is in discussion with the Board and Management of Corus Group Plc and it has made an indicative non binding offer to acquire 100% equity in Corus Group Plc through a recommendatory offer route at 455 p. per share in cash amounting to an enterprise value approx USD 10 Billion.

However, there is no certainty that a final offer would be made and further announcements would be made as appropriate.

Source : Equity Bulls

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