The UPS : creating the fifth largest steelmaker in the world.
The demerits: the finance issue might be a problem , Firtch downgraded its rating of the credit swap risks in the takeover to 'negative'. Fitch also stated that Corus' responsibility for the debt may lead to Corus' own unsecured debt rating being downgraded.
Tata is one of the oldest and largest business conglomerates in India , with revenues of about 22 billion $.
Corus Group plc, normally referred to simply as Corus, is one of the world's largest producers of steel, headquartered in London. It was formed from the merger of Koninklijke Hoogovens N.V. with British Steel Plc on 6 October 1999 and is currently in the process of being taken over.
On January 30, 2007 the Tata Group of India bought Corus for £6.7 billion to create the world’s fifth largest steelmaker. Tata Steel emerged victorious with a bid of 608p a share, topping a 603p a share offer from Brazil’s Companhia Siderúrgica Nacional (CSN).