Corus: The Buyout Battle Heats Up


The $9.8 billion offered for the steelmaker by Brazil’s CSN has topped Tata’s proposed price, though the Indian outfit may make a counterbid.
Shares of Anglo-Dutch steel company Corus Group (CGA) rose more than 5% on Dec. 11 on news that Brazil’s Companhia Siderurgica Nacional (SID), or CSN, topped a previous takeover offer for the company [...]