Archive for March 7th, 2007
Corus shareholders okay Tata Steel takeover
Shareholders of Corus Group have agreed to Tata Steel’s $12 billion takeover of the Anglo-Dutch steelmaker, sealing the largest foreign acquisition by an Indian company.Investors representing 97% of the shares backed the purchase today, Corus said following an extraordinary general meeting in London. The acquisition is scheduled to take effect April 2. Corus shares will stop [...]
Posted: March 7th, 2007 under Steel News.
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Mittals in talks to buy German steel company Saarstahl
The Mittal group is in talks to buy steel company Saarstahl AG, located in Saarland, Germany, the Indian daily Financial Express reported.
”The Mittal group is looking Saarstahl, which is into manufacturing of long rods and wire business.
Link to Forbes.com
Technorati tags: Saarstahl, Mittal
Posted: March 7th, 2007 under Steel International, Steel News.
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