Share Prices: Corus Bidding War Helps Boost Ftse ; Market Report

Birmingham Post › December 12, 2006

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Summary

Shares in Corus yesterday soared five per cent as investors sat back and enjoyed a dramatic bidding war for the Anglo-Dutch steel company.

The stock rocketed after the firm backed a pounds 4.9 billion offer from Brazilian firm CSN, which trumped a pounds 4.7 billion approach from Tata Steel hours earlier.

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Share Prices: Corus Bidding War Helps Boost Ftse ; Market Report

A positive trading update from Lloyds TSB added to the overall cheer as the FTSE 100 Index lifted 7.4 points to 6...

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