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Corus confirms £4.1 billion takeover proposal

It has been confirmed that Corus has received a £4.1 billion takeover proposal from the Indian steelmaker Tata. In a statement made to the London, Amsterdam and New York stock exchanges, the company said: The board of Corus confirms that is has received a proposal from Tata Steel regarding a possible recommended offer for Corus at a value of 455 pence per share in cash and that discussions are taking place between Corus and Tata Steel. However, the ...