today

Probably Tatas looked at buying Corus so that they can take their semi-finished products to the plants in the UK and convert them to specialty steel. The deal also gives Tata Steel access to high-end market in the UK. Both companies have great synergies as Tatas are integrated backward and Corus has good forward integration and competitive marketing network.

Tata is now the 5th largest steel firm in the world and looks forward to the possibility of further acquisitions. I know Jeremy Clarkson did not have a high opinion of the Indian involvement in Rover, but would you have wanted Jeremy Clarkson to take over Corus. I don't think so.

IMO: Tata is a great firm, and has a good attitude towards its employees. Corus is very fortunate indeed.