Steel wars: the battle for Corus - market practice analysis

Resource type: Article

Status: Published on 08-Feb-2007

Jurisdiction: United Kingdom

On 31 January 2007 the board of Corus recommended its shareholders vote in favour of a scheme of arrangement to implement a final offer for the company by Tata Steel. This marked the end of a four-month public battle for control of Corus between Tata and CSN. This article considers how competing schemes of arrangement were made to work and also looks at the accelerated auction that finally settled the battle.
PLC Corporate

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  • Resource ID: 4-217-1960
  • Published: 08-Feb-2007
  • Products:  PLC UK Corporate, PLC UK Law Department, PLC UK Tax
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