Corus shareholders to vote on Tata offer
Shareholders of Corus will meet on 7 March 2007 to formalize Tata Steel's takeover bid of 608 pence a share, following which the deal is expected to become effective on 2 April 2007.
Tata takes Corus
India-based Tata Steel has won the bid for Corus at GBP 6.08 per share, valuing the company at USD 11.3 billion, or GBP 5.8 billion.
Tata’s revised acquisition
Following the conclusion of the auction process conducted by the Panel in accordance with Rule 32.5 of the Code (the Auction), the Board of Tata Steel has announced the terms of a proposed increased Acquisition (the Revised Acquisition) at a price of 608 pence in cash per Corus Share, being 5 pence per share higher than the offer by Companhia Siderurgica Nacional (CSN) of 603 pence in cash per Corus Share.
ThyssenKrupp to merge with Corus?
ThyssenKrupp would see some advantages in any future merger between its steel division and the British-Dutch concern Corus.
SFS irius goes Celestia
SFS intec's Construction Fasteners division has launched a range of irius-coated fasteners with Celestia by Corus metallic finishes for maximum aesthetic impact.
Steel24-7 appoints CEO
Steel24-7, a joint venture of Arcelor, Corus and Thyssenkrupp Steel, has announced that Jean-Claude Delobel has joined the company as CEO from 18 March 2002.
Steel24-7 goes live
Asera Inc. has announced that Steel24-7, Europe's largest steel trading exchange, went live on the Asera Platform™.
STEEL24-7 has announced the launch of its e-business platform www.steel24-7.com.
Vacmetal and Tetronics announce new partnership
Vacmetal and Tetronics have formed a new partnership to jointly market and supply Tetronics’ Twin Torch tundish plasma heating technology.
Record-breaking Caspian Oil and Gas 2001
Records were broken at this year’s Caspian Oil and Gas exhibition and conference: 15,000 visitors attended the show, 10,000 of whom were trade – the highest number in the eight-year history of the show.