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CORUS COSTS A PREMIUM, BUT WORTH IT: RATAN TATA.

AsiaPulse News

| February 01, 2007 | COPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

MUMMBAI, Feb 1 Asia Pulse - Tata Group Chairman Ratan Tata on Wednesday asserted that the Corus takeover cost would prove to be worthwhile, even though the group paid much higher than what it had started with.

Prices went up when investors came in and increased the price after Tata's preliminary bid of 455 pence a share and before it was challenged by Brazil's CSN, he told reporters here.

"But we have to pay for getting the company... as a prudent management, we had taken a view that we would not go beyond a point... we did not reach that point... had we reached, we would have walked away," Tata said.

He dismissed suggestions that the group had ...

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Source: HighBeam Research, CORUS COSTS A PREMIUM, BUT WORTH IT: RATAN TATA.

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