Tata beats CSN in Corus acquisition

India's Tata Steel is set to become the world's fifth-biggest steelmaker after winning the battle for Anglo-Dutch group Corus with a £6.2 billion ($12.1 billion) offer. UK Takeover Panel said that during the auction process Tata Steel had agreed to offer Corus investors 608 pence per share in cash, more than its original offer and topping a final bid of 603 pence from Brazil's CSN.