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CSN and Corus had previously discussed a merger in 2002, [14] cancelled late 2002; [15] [16] CSN's iron ore assets would provide synergy with Corus's need to import ore. [ 13 ] Subsequently, Tata submitted an improved bid at £5.00 per share, followed by an improved bid from CSN at £5.15 per share which was accepted by the board of Corus on 11 ...
On 31 January 2007, Tata Steel won its bid for Corus after offering 608 pence per share, valuing Corus at £6.7 billion ($12 billion). [32] In 2005, Corus employed around 47,300 people worldwide, including 24,000 in the UK. [31] At the time of the acquisition, Corus was four times larger than Tata Steel, in terms of annual steel production.
Known until 2010 as the Corus Chess Tournament, it was renamed after Tata Steel, which purchased the Corus Group. It was held in Wijk aan Zee from 15 to 30 January 2011. The tournament was won by Hikaru Nakamura , his first win in a super-tournament, and the best result by an American chess player since the days of Bobby Fischer .
The Corus Chess Tournament 2010 was the 72nd edition of the Corus Chess Tournament. [1] It was the final year under this name, as from 2011 the tournament was known as the Tata Steel Chess Tournament, after Tata Steel purchased the Corus Group. [2] It was held in Wijk aan Zee from 16 to 31 January 2010.
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Playing hall of the 80th Tata Steel Tournament, 2018. The Tata Steel Chess Tournament is an annual chess tournament held in January in Wijk aan Zee, the Netherlands.It was called the Hoogovens Tournament from its creation in 1938 until the sponsor Koninklijke Hoogovens merged with British Steel to form the Corus Group in 1999, after which the tournament was called the Corus Chess Tournament.
In October 2006, Corus was taken over by the Indian company Tata. Corus Engineering Steels (Stocksbridge site) was renamed Tata Steels Speciality. During the 2008 recession Stocksbridge works reduced its workforce and output, focusing on producing lower quantities of high-value product for the aerospace and oil and gas markets.
The company acquired Corus Group's aluminum extrusion and rolling businesses for approximately $894 million (€700 million) in 2006, [7] [8] and Wabash Alloys for an undisclosed amount in 2007. [6] Following the Corus acquisition, Aleris had approximately 8,800 employees and more than 40 manufacturing facilities globally. [8]