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Tata-Corus
deal gets UK court approval
The Times of India March
28, 2007
Anglo-Dutch steelmaker Corus
group said its $12-billion dollar takeover by Tata Steel
has been approved by the UK court — paving the way for
completion of the deal early next week. The High Court
of Justice in England and Wales sanctioned the scheme
of arrangement related to Corus' acquisition by Tata
Steel at a price of 608 pence a share. Corus expects
the transaction to be effective on April 2.
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