The Tata-Corus Merger: A Visionary Deal or a ‘Winner’s Curse’?

Narender Lal Ahuja

Chapter 1 in India: Acquiring its Way to a Global Footprint, 2012, pp 1-9 from Palgrave Macmillan

Abstract: Abstract During the last decade, Tata Steel took forward plans to hone their growth as a steel manufacturer through a series of global acquisitions. In turn, their initiatives allowed them to grow far beyond the domestic market and service the growing global demands for steel. For both India and Tata Steel, the biggest foreign acquisition to date was that of the Corus Group, a European steel manufacturer headquartered in the UK. Finalizing the deal proved challenging, as Tata Steel entered a bidding war with the Brazilian steel manufacturer Companhia Siderurgica Nacional (CSN). Finally, a revised offer that was 30 per cent more than their initial bid enabled the acquisition of the European entity.

Keywords: Corus Group; Equity Share; Debt Rating; Corus Deal; Corus Acquisition (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-36353-3_1

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DOI: 10.1057/9780230363533_1

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