Tata 'Lining Up Knockout' in Battle for Rival Corus ; Market Round-Up

Summary

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THE stock market may have been short of genuine turnover today, but there was no lack of takeover stories doing the rounds again.

Corus kicked it off. The mutter from the gutter claimed India's Tata Steel was putting together the finances for a new offer worth up to 600p a share, which it hoped will deliver a knockout blow to rival bidder Companhia Siderurgica Nacional of Brazil.

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Extract

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Tata 'Lining Up Knockout' in Battle for Rival Corus ; Market Round-Up

The story emerged from Press reports in Mumbai, and succeeded in driving Corus shares 41/2p higher to 542p, having touched 5501/2p. Such a...

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