• Tata offer values Corus at around nine times its earnings before interest, tax, depreciation and amortisation in the year to September 2006.
• Tata Steel will contribute $4.1 billion to the deal, with the balance to be raised through debt.
• The deal will treble Tata Steel’s capacity to almost 28 million tonnes a year from 8.7 million now at half the cost of building new plants.
• Ratan Tata will be chairman of the new board of Corus to be formed after the takeover.
• Tata Steel will not change any principal locations of Corus group’s business, and will continue to be headquartered in India. (Reuters)
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