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Hi All,
I m here again to share some of my views with u people. Today is one of the deciding days in the history of Indian mindset towards acquisition. I think today night will be the longest night Ratan Tata has thought of it .As early morning we will see the results of the tug of war between India Steel Giant Tata Steel leaded by a person of conservative mindset and having plethora of experience of spreading a family Called Tata. Many people may think this 69 yrs old man should retire now but tell u frankly this old tiger is heading this corporate since 1991 and 44 years experience with tata Steel.Some more info about Ratan tata can be seen from this site http://en.wikipedia.org/wiki/Ratan_Tata
For those who don’t know about this deal there is brief description. Tata Steel will bid for the Europe's second largest steel producer Corus today night.Corus has rude steel production of 18.2 million tons primarily in U.K. and Netherlands. The Acquisition is proposed to be made by Tata Steel U.K.As much I have read about articles TATA is having enough resources to say yes to this deal.
If Tata Steel is able to win this bid then Tata steel will not only become 5th largest producer of steel in this world. Now one thing important is why Tata wants to buy corus ispite of the fact that currently the offer that company is going to make is more than 11 Billion $ and Corus may not be worth of it. Simple Answer of this question may be long vision and to acquire European market. Corus is having client of big Automakers like Mercedes, BMW so directly shaking hands with these giant being a Indian company is not possible so best solution is acquisition.More details about Corus can be seen at
http://www.corusgroup.com/, if u want u can apply for the job also but the chance is either u will he paid much higher or thrown out of the company.
Everything was going fine but CSN of Brazil came in between and now both companies are trying to outdo each other on share price and evaluations. CSN came into light by raising the 500 pence a share to 515 pence a share .So currently going on bidding meeting will be a great struggle of Economic Analysis and who will hold the nerve between the two, God Knows. Corus is cashing the benefit of this fight because of this intense battle stock prices of it’s at seven-year high.
Ratan Tata is in the limelight from last few months and because of this his status in the market and prestige is on the verge. If he takes status and reputation on higher priority and evaluates the Corus more than what he will gain in future then it will be strategically loss to Ratan and Big win for CSN for Brazil. What best we can do is wait for the tomorrow because bidding process is happening inside closed doors and it is not liked Indian movies “Diwaro ke bhi kaan hote hai “ or Greg Chappel Confidential letter that was leaked out easily it is meeting of big Steel giant of becoming bigger.
So hope in the morning when we will wake up and have a piece of biscuit and tea Corus will be in Our Hand means Tata’s Hand…….Till then C U
Some more Reference
Revised Acquisition term between Corus and Tata
http://www.tata.com/tata_steel/releases/20061210.htm
I m here again to share some of my views with u people. Today is one of the deciding days in the history of Indian mindset towards acquisition. I think today night will be the longest night Ratan Tata has thought of it .As early morning we will see the results of the tug of war between India Steel Giant Tata Steel leaded by a person of conservative mindset and having plethora of experience of spreading a family Called Tata. Many people may think this 69 yrs old man should retire now but tell u frankly this old tiger is heading this corporate since 1991 and 44 years experience with tata Steel.Some more info about Ratan tata can be seen from this site http://en.wikipedia.org/wiki/Ratan_Tata
For those who don’t know about this deal there is brief description. Tata Steel will bid for the Europe's second largest steel producer Corus today night.Corus has rude steel production of 18.2 million tons primarily in U.K. and Netherlands. The Acquisition is proposed to be made by Tata Steel U.K.As much I have read about articles TATA is having enough resources to say yes to this deal.
If Tata Steel is able to win this bid then Tata steel will not only become 5th largest producer of steel in this world. Now one thing important is why Tata wants to buy corus ispite of the fact that currently the offer that company is going to make is more than 11 Billion $ and Corus may not be worth of it. Simple Answer of this question may be long vision and to acquire European market. Corus is having client of big Automakers like Mercedes, BMW so directly shaking hands with these giant being a Indian company is not possible so best solution is acquisition.More details about Corus can be seen at
http://www.corusgroup.com/, if u want u can apply for the job also but the chance is either u will he paid much higher or thrown out of the company.
Everything was going fine but CSN of Brazil came in between and now both companies are trying to outdo each other on share price and evaluations. CSN came into light by raising the 500 pence a share to 515 pence a share .So currently going on bidding meeting will be a great struggle of Economic Analysis and who will hold the nerve between the two, God Knows. Corus is cashing the benefit of this fight because of this intense battle stock prices of it’s at seven-year high.
Ratan Tata is in the limelight from last few months and because of this his status in the market and prestige is on the verge. If he takes status and reputation on higher priority and evaluates the Corus more than what he will gain in future then it will be strategically loss to Ratan and Big win for CSN for Brazil. What best we can do is wait for the tomorrow because bidding process is happening inside closed doors and it is not liked Indian movies “Diwaro ke bhi kaan hote hai “ or Greg Chappel Confidential letter that was leaked out easily it is meeting of big Steel giant of becoming bigger.
So hope in the morning when we will wake up and have a piece of biscuit and tea Corus will be in Our Hand means Tata’s Hand…….Till then C U
Some more Reference
Revised Acquisition term between Corus and Tata
http://www.tata.com/tata_steel/releases/20061210.htm
2 comments:
Definitely an interesting deal which made tata 5th biggest from 56th position in one day. still not sure about the future aspects but strategists are claiming the gain of 350 million $ after complete merger that too every year.
Hi,
from my point of view I think every country should have trade off between the two.What I want to say that we all know that Man is social animal so nobody can live without the emotional bonding so if we will have economical growth without having the emotional growth one day people will fed up of this and the outcome will be very ugly.
and if we see the current scenario the corus deal is given one more chance to all of us to proud to be Indian.
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