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  • Tata Vs Chorus

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    Tata Steel acquired UK steel giant Corus for $12.9 billion in 2006-2007, making Tata Steel the sixth largest steel producer globally. While the Indian steel industry supported the acquisition, there was national debate around whether Tata Steel overpaid, though supporters argued there were clear synergies between the two companies and long-term benefits for Tata Steel. The case study analyzes the growth and markets of Tata Steel and Corus, reasons for the acquisition, synergistic value, long-term benefits, and whether Tata overpaid.

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    abstract and objectives

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    Tata vs chorus

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    Tata Steel acquired UK steel giant Corus for $12.9 billion in 2006-2007, making Tata Steel the sixth largest steel producer globally. While the Indian steel industry supported the acquisition, there was national debate around whether Tata Steel overpaid, though supporters argued there were clear synergies between the two companies and long-term benefits for Tata Steel. The case study analyzes the growth and markets of Tata Steel and Corus, reasons for the acquisition, synergistic value, long-term benefits, and whether Tata overpaid.

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    10 views1 page

    Tata Vs Chorus

    Uploaded by

    rneelagund
    Tata Steel acquired UK steel giant Corus for $12.9 billion in 2006-2007, making Tata Steel the sixth largest steel producer globally. While the Indian steel industry supported the acquisition, there was national debate around whether Tata Steel overpaid, though supporters argued there were clear synergies between the two companies and long-term benefits for Tata Steel. The case study analyzes the growth and markets of Tata Steel and Corus, reasons for the acquisition, synergistic value, long-term benefits, and whether Tata overpaid.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
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    TATA & CORUS: A Case of Acquisition

    Abstract:
    During 20062007, the Indian steel industry witnessed one of the biggest acquisitions. Tata Steel offered to buy the UK steel giant Corus. Finally, after numerous rounds of bidding, Tata Steel bought Corus for $12.9 billion. The Corus acquisition moved Tata Steels position to the sixth place among the worlds largest steel producers. While the Indian industry lauded Tata Steels move, there was national debate whether Tata Steel over paid for the Corus acquisition. The supporters of the acquisition mentioned that there were clear synergies between the two companies. Tata Steel also seemed to have long run benefits from this acquisition. Objectives: The case study helps to understand and analyse:

    The growth history and the market spread of Tata Steel and Corus The reasons that promoted Tata Steel to acquire Corus The synergistic value between the two companies The long term benefits of the Tata-Corus deal Whether Tata overpaid for the Corus acquisition.

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