Indian oligarch Tata hints no giving up economic war lord fight to acquire Corus
Kiran Chaube
Dec. 28, 2006

It is question of prestige. Indian oligarchs has finally started defeating international oligarchs. The echo of Mittal now is clear in Tatas. India’s most dynamic economic war lord oligarch Tata is ready to touch the moon to get hold of Corus. It is a honor fight for the Indian oligarchs.

According to media reports, indicating that Tatas could revise their 4.7 billion pounds bid for takeover of Corus, Group Chairman Ratan Tata today said he was not sitting on an "ego issue" but would go for a price that reflects the right valuation of the Anglo-Dutch steel maker.

"It would not be appropriate to say that we would not go for a higher bid," Tata told NDTV, adding that the best deal for his shareholders was more important than becoming the world's fifth largest steel company.

Tata said strategically and synergically, the merger of both the companies would help them become a global entity.

However, he said there was a limit to which the Tatas would go in its ambition to acquire Corus.

Indian oligarch Tata hints no giving up economic war lord fight to acquire Corus
Kiran Chaube
It is question of prestige. Indian oligarchs have finally started defeating international oligarchs. The echo of Mittal now is clear in Tatas. India’s most dynamic economic war lord oligarch Tata is ready to touch the moon to get hold of Corus.
READ MORE>>

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