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Tata Acquires Corus

By | May 2011
Page 1 of 21
INVESTMENT BANKING

acquisition| tata acquires corus|

SUBMITTED TO

MAAM HUMA AYUB

SUBMITTED BY

MUHAMMAD ARSLAN
SEHRISH MUSHTAQ
DURDANA IRSHAD
AGHA NAWAZISH
ZUHAIB GUL
BBA- 8 A-C

DATE10-01-2011

ACKNOWLEDGEMENT

First and foremost we are thankful to Allah for giving us the mind to think, heart to feel and strength to complete this report.

We would also like to thank our course instructor, Ma’am Huma Ayub for her advice and suggestions to this report. Without the assistance of her, it would have been difficult and stupendous for our group with meager resources at its disposal to accomplish it

TABLE OF CONTENTS

INTRODUCTION1
TATA STEEL2
EXPANSION PROGRAM2
MODERNIZATION PROGRAM3
CORPORATE SOCIAL RESPONSIBILITY3
SWOT ANALYSIS4
POLICIES OF TATA STEEL5
CORUS COMPANY6
SWOT ANALYSIS7
REASONS BEHIIND THE ACQUISITION9
TATA9
CORUS10
SYNERGIES BETWEEN TATA STEEL AND CORUS11
ACQUISITION DEAL12
ADVISORS TO THIS DEAL13
TATA ADVISORS13
CORUS ADVISORS13
VALUING THE ACQUISITION14
FINANCING THE DEAL14
WHY CASH DEAL?15
CRITICAL ANALYSIS16
POST ACQUISITION BENEFITS16
ANALYZING THE CORPORATE ADVISORS17
ANALYZING THE DEAL AND ITS EFFECTS ON THE COMPANY17
POST ACQUSITION SCENARIO18
CONCLUSION19

TABLE OF FIGURES

Figure 1 Overview Of Acquireri
Figure 2 Means for Financing the Deali
Figure 3 Sources of Equityii
Figure 4 Total Sources Identified For Financingiii
Figure 5 Post Acquisition Benefitsiii

INTRODUCTION

“There are not many opportunities for producers in emerging low-cost markets to gain access to the markets of Europe other than by acquiring a company like Corus,” John Quigley (Editor, Industry Publication Steel week)

Tata Steel (part of the Tata Group based in India) acquired the Anglo-Dutch steel firm Corus after a four month bidding war with Brazil’s CSN (Companhia Siderurgica Nacional SA) for US$12 billion—this was the biggest acquisition by an...
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