Tata chairman says there is a limit to value of Corus

Newswire

MUMBAI, Dec 28 (Reuters) - India's Tata group sees a limit to how far it can stretch to buy Anglo-Dutch steel-maker Corus Group Plc without compromising shareholders' interests, chairman Ratan Tata was quoted as saying in an interview. India's largest private sector steel-maker Tata Steel Ltd. and Brazil's Companhia Siderurgica Nacional (CSN) are locked in a takeover battle for Corus. While Tata Steel has made a bid at 500 pence a share, CSN has bid at 515 pence, valuing the target firm ...

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