Tata Steel Bags Corus--But at What Price?

The Indian company won a bidding war with Brazilian rival CSN, but Tata's $12 billion acquisition will be tough to make work financially

Some deals are just deals. Others suggest a bit of history in the making. India's economic ascendancy received yet another confirmation with the news that Tata Steel bagged Anglo-Dutch steelmaker Corus Group (CGA) in a roughly $12 billion deal, which draws to a close a protracted bidding war with Brazilian rival Companhia Siderurgica Nacional (SID), or CSN.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.