Corus EGM on 7 March

Corus EGM on 7 March
PTI
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First Published: Wed, Feb 14 2007. 11 58 AM IST
Updated: Wed, Feb 14 2007. 11 58 AM IST
London: Shareholders of Corus will meet on 7 March to decide on Indian giant Tata Steel’s takeover bid of 608 pence a share, following which the deal is expected to become effective from 2 April.
The Anglo-Dutch steelmaker, which agreed to a revised bid from Tata Steel after a bidding war with Brazil’s CSN in a regulators-convened auction late January, said in a regulatory filing here on Monday that it has convened an extraordinary general meeting of its shareholders on 7 March to consider the offer. After Tata Steel announced its revised offer for Corus on 31 January, Corus said in a statement that its board intended to recommend unanimously that its shareholders vote in favour of the offer.
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First Published: Wed, Feb 14 2007. 11 58 AM IST
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