Violent movements today....anyone ideas why?

Pommy...many thanks...tho 580 would certainly make my day

What you make of this Tipton, 580 could be looking good.

Corus shares jumped 15.25p to 407.5p as bid talk surrounding the Anglo-Dutch steel giant intensified.

Today, The Independent reported that Tata Steel, India's largest private steelmaker, is 'deep in discussions' with Corus' senior management and highlighted talk of a 580 pence per share bid before the end of this week.

Well Tipton,
Corus is sure running away with the smoothing iron this morning

Don't listen to me I bailed out at 457 this morning on Tata statement ..although I do think they are the most likely suitor to win.

will certainly go back in on a decent fall. good luck to my tougher peers

Tipton

I think Tata will definately make an opening pitch at around 520p early next week. It will get quite interesting after that as I am sure there will be one or two other interested parties.

Ian

http://www.moneyam.com/action/news/showArticle?id=1550269

LONDON (AFX) - The UK government has said it has 'no problems of principle' to Indian takeovers of UK business, as speculation mounted about a bid for steel firm Corus Group PLC by Tata Steel.

The chief executive of the government body UK Trade and Investment, Andrew Cahn, today told AFX that the UK would continue its 'hands-off' approach to business, appearing to rule out the threat of Tony Blair blocking any potential bid.

Could be quite lively tomorrow !!!!

Ian

test

BOMBAY (XFN-ASIA) - Tata Steel Ltd's talks with the management of Corus Group PLC for a possible bid for the Anglo-Dutch steel firm have been successful, paving the way for a formal offer valued at around 9 bln usd, the Economic Times reported, citing people close to the development.

'The British steel maker has positively responded to Tata Steel and is convinced about the synergy between the two companies' operations,' the newspaper cited a source as saying.

A formal announcement is expected by the end of this month, the report said, noting the deal will be the biggest ever for an Indian company.

Tatas plan to float Singapore-based special purpose vehicle for the takeover, the report said.

While Tata Steel and the group holding company Tata Sons will raise almost 3.5 bln usd, the rest will be raised through financial institutions, it said.

Standard Chartered Bank, ABN Amro and Deutsche Bank are working on raising funds for the Tatas, it said.

A Tata Steel spokesperson told the paper that the company does not wish to comment on speculative reports. A Corus spokesperson also declined to comment, the report said.