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Tata steel on Wednesday 31 Jan. 07 finally acquired the British Steel company "The Corus Group" , the revenue of Tata steel is 1/4th of that Corus Group and is said to be 54th largest steel company but still it aquired the 9th biggest steel company in the world.
Read more in Business Section : Corus Group's acquisition by Tata Steel India
is it really a breaking news ... :o
this news is at least 4 months old. ;D
Corus Group ... were badly suffering and their shares had gone as low as £ 40 per share and just the News that TATA was going to acquire it rose the shares to £460/- within night.
The news is not old, the auction / bidding for corus acquisition is old as 4-5 months but TATA acquired it only now.
BTW, its shares are gone high as 603 GBP .
Here is the year report of Corus Share prices.
http://www.imagetor.com/out.php/i104...pricegraph.png
Seems that good thing started happening with it only from April end 2006 . Lucky people who bought Corus shares before April .
so ... this means the news i heard was real .... yuhoooo!!
What yuhoo ?
Were u having Corus share bought earlier ?
No ... now i want to kno all about share business etc ... and there's a thread for that but havent got much info.
Well, I know that person, he is out of station and he is stock market from 10 or more years.
that means there is hope for help ... cheers!!
yeah this news is almost 3 months old.
Ya, I posted it 4 months back !