CONSOLIDATED FINANCIAL STATEMENT PROJECT TATA- CORUS ACQUISITION SUBMITTED TO: Dean Dr. Badrinath Prof. K. Govindarajan SUBMITTED BY BADRI NARAYANAN - 112071013 TABLE OF CONTENTS SR NO 1. PARTICULARS PART 1 • Global steel industry • About TATA Steel • About Corus PART 2 • Legal form • Mergers and Acquisition • Method • Terms of transaction • Valuation Matters 2. 3. PART -3 • Reasons for the merger • Objectives for a merger • Culture differences • Post - Acquisition 4
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INTRODUCTION Tata Steel Tata Steel Limited (NSE: TATASTEEL‚ BSE: 500470) (formerly Tata Iron and Steel Company Limited (TISCO)) is an Indian multinational steel-making company headquartered in Mumbai‚ Maharashtra‚ India‚ and a subsidiary of the Tata Group. It is the 12th-largest steel producing company in the world‚ with an annual crude steel capacity of 23.8 million tonnes‚ and the largest private-sector steel company in India measured by domestic production. Tata Steel has manufacturing operations
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through continuous improvement Introduction Corus is part of the Tata Steel Group‚ the world’s sixth largest steel producer. Within Europe‚ Corus is the second largest steel producer with average annual revenues of around £12 billion. The company produces more than 20 million tonnes of steel each year‚ mainly in the UK and the Netherlands. It has a global network of sales offices and service centres‚ employing around 42‚000 people worldwide. Corus is a leading supplier of steel to some of the most
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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 DATE 10-01-2011 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
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TATA & CORUS (A case of Acquisition) COMPANY’S PROFILE TATA STEEL • Founded in 1907‚byJamsetji Nusserwanji Tata. • Tata company listed on BSE and NSE and employs about 82700 (2007) people. • started with a production capacity of 1‚00‚000 tones has transformed into a global giant . • Its revenue in 2005-2006 was 5.0 billion US $. • It has a main steel plant located at Jamshedpur. • The Company also has three Greenfield steel projects in the states of Jharkhand‚ Orissa and Chhattisgarh.
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Case Study Tata Steel – Corus Group Plc Acquisition Group Report (Submitted towards Group assignment under Corporate strategy) eMEP10/ePGP03 IIM‚ Kozhikode. Submitted By: Table of Contents 1. Introduction 3 2. Tata Group 3 3. Tata Steel 4 4. SWOT Analysis of Tata steel 5 5. Corus Group Plc. 5 6. SWOT Analysis of Corus 6 7. Rationale for Acquisition 6 8. About the deal 7 9. Justification of Deal 7 10. Tata Steel financial position after the deal
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its dependent industries‚ it will influence negatively for the Tata Steel. In 2007‚ when Tata Group acquired British based Corus Company‚ it became the 6th largest Steel Producer in the world‚ however it affected very negatively at the time because of U.S economic crisis. As the economy is recovering year by year‚ the Corus Company acquisition is giving tremendous benefits and profit for the Tata Group. Therefore‚ overall today’s economy has a positive effect on Tata Steel. Sociocultural Segment
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Case Study analysis TATA-CORUS:- Q.1. What are the benefits of the TATA-CORUS merger deal to the stakeholders of TATA Steel and the stakeholders of CORUS? Evaluate the post-merger security with the help of CAPM Model. A.1. On January 31st‚ 2007 India’s Tata Steel acquired Corus‚ the erstwhile British Steel Major at a price of 608 pence per Corus share totaling $12.1 billion/ Rs 54‚000 crore/ £6.1 bn‚ which was five pence per share higher than the offer of Brazil’s CSN (Companhia Siderugica Nacional)
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The case of Tata Steel acquiring Corus throws up several interesting questions on emerging multinationals and traditional multinationals in the steel industry and particularly the complexities of the acquisition in the above context. What has been surprising in the above case is that how could a small steel maker‚ Tata Steel from a developing country like India buy up a large steel company‚ Corus PLC from the United Kingdom. Prior to the acquisition‚ Corus was four times bigger than Tata Steel. However
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AO8 – Evaluate why it is important for an organisation to strive for continuous improvement across its operation “Continuous Improvement is an ongoing effort to improve products‚ services‚ or processes. These efforts can seek "incremental" improvement over time or "breakthrough" improvement all at once.[1] Delivery (customer valued) processes are constantly evaluated and improved in the light of their efficiency‚ effectiveness and flexibility.” * {Sourced - http://en.wikipedia.org/wiki/Continuous_Improvement_Process
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