Tata Acquires Corus: A case Study

Language: English

Published by GRIN Verlag, GRIN Verlag, 2012

3656265100 / 9783656265108

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Seller: AHA-BUCH GmbH, Einbeck, GermanyAHA-BUCH GmbH

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Druck auf Anfrage Neuware - Printed after ordering - Research Paper (postgraduate) from the year 2012 in the subject Business economics - Business Management, Corporate Governance, , course: Strategic Management, language: English, abstract: January 31, 2007, added a shining feather in the cap of corporate Tata Steel which was celebrating its centenary year 2006-07. This day Tata Steel acquired the ninth largest steel producer of the world Corus in an all cash deal of $12.15 billion (around Rs. 55,000 crore) and catapulted itself from the 56th largest steel producer in the world to 6th largest steel producer in the world. It became the largest acquisition by an Indian company and the second largest in the industry after Mittal Steel's $38.3 billion acquisition of Arcelor. By offering 608 pence per share (pps), which beat a price of Brazilian company Companhia Siderurgica Nacional (CSN) of 603 pps, was 33.6% higher than its original bid. By some measures, it exceeded the price paid in other recent industry deals, such as Mittal Steel's acquisition of Arcelor last year. In its centenary year of 2007, Tata Steel, a subsidiary of Tata Group - India's largest private sector company, was aiming to touch the production figure of 7 million tonnes but the acquisition would bring the total capacity of the group to around 23 million tonnes, making it the sixth largest steel producer in the world.…

Seller Inventory # 9783656265108

Title
Tata Acquires Corus: A case Study
Author
Shiv S Tripathi
Publisher
GRIN Verlag, GRIN Verlag
Publication year
2012
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
3656265100
ISBN 13
9783656265108
Item weight
51 grams
Dimensions
210x148x3 mm

AHA-BUCH GmbH

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