LATEST
WEBSTORY
TRENDING

IPL 2024 Points table, Orange and Purple Cap list after Royal Challengers Bengaluru beat GT by 9 wickets

Here’s how much employees at Facebook, Instagram, and WhatsApp earn around the world

PCB appoints Gary Kirsten and Jason Gillespie as head coaches ahead of T20 World Cup

Warning signs of nutrient deficiencies in body

Batters with fastest centuries in IPL history

Heart Health: Herbs to unclog arteries and reduce risk of stroke

BJP appoints new state presidents in Telangana, Jharkhand, Punjab, Andhra ahead of 2024 Lok Sabha polls

Meet 'mystery girl' whose pictures with Indian cricketer Yuzvendar Chahal is going viral

SCO must not hesitate to criticise countries supporting terrorism: PM Modi

PHOTOS
VIDEOS
ENTERTAINMENT

Remember Heyy Babyy's cute 'Angel' Juanna Sanghvi? 20 year-old looks unrecognisable now, fans say 'her comeback will...'

In pics: Arti Singh stuns in red lehenga as she ties the knot with beau Dipak Chauhan in dreamy wedding

Actors who died due to cosmetic surgeries

Meet Ujjwal Nikam, BJP's New Candidate Who Replaced Poonam Mahajan I Lok Sabha Elections 2024

Ujjwal Nikam In BJP: Lawyer Who Fought 26/11 Case, Replaced Poonam Mahajan | Lok Sabha Election 2024

LSG vs RR Highlights: Sanju Samson Shines, Rajasthan Royals Won By 7 Wickets I IPL 2024 Match 44

Arijit Singh apologises to Pakistani actress Mahira Khan at live concert, watch viral video to know the reason

Made in Rs 40 crore, this film earned Rs 318 crore worldwide, starred ex-couple, Omar Abdullah objected to it because...

Samantha Ruth Prabhu turns producer, announces Bangaram on her 37th birthday; fans say 'this looks insane'

Home Business

Business

Highlights of CSN, Tata offers for Corus

There's more to the bidding war between India's Tata Steel and Brazil's CSN than the respective cash offers of 500 pence and 515 pence per share for the Anglo-Dutch steelmaker Corus Group.

DNA Web Team

Updated : Sep 14, 2017, 04:01 PM IST

LONDON: There's more to the bidding war between India's Tata Steel and Brazil's CSN than the respective cash offers of 500 pence and 515 pence per share for the Anglo-Dutch steelmaker Corus Group.

Here's a close look at other features of the offers made by the rival suitors.

* CSN's offer in cash values Corus at 4.9 billion pounds, as against Tatas' offer that values Corus' issued and to be issued share capital at approximately 4.7 billion pounds.

* Including debt and pension payments, CSN would end up paying nearly 5.8 billion pounds for Corus, as against 5.7 billion pounds by Tata Steel.

* CSN's offer represents a premium of approximately 42.9 per cent to the average 12-month share price of 360.5 pence per Corus share for the period ended October 4, as against 38.7 per cent offered by Tata. October 4 was the last trading day before the Tata announced its intent to take over Corus.

* CSN has offered to pay 138 million pounds for one of Corus' pension schemes and increase the contribution rate on the British Steel Pension Scheme from 10 per cent to 12 per cent until March 31, 2009.

* Tata Steel has committed a payment of 126 million pounds for the pension scheme, while offering to increase contribution rate on the British Steel Pension Scheme from 10 per cent to 12 per cent.

Find your daily dose of news & explainers in your WhatsApp. Stay updated, Stay informed- Follow DNA on WhatsApp.