A Corus line: Did Tata do the right thing?

March 26, 2007

I wrote this a few weeks ago, but forgot to post it here:

http://inhome.rediff.com/money/2007/feb/13corus.htm

I wonder how the synergy story makes sense and how the Tatas may have been forced to overpay because of the last-minute appearance of CSN in the bidding.

Is this a pyrrhic victory?

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