Published on Sat, Nov 25, 2006 at 11:01 | Source : Moneycontrol.com
Updated at Mon, Nov 27, 2006 at 10:03
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Tata's race for Corus gets tougher
The race for Corus could get tougher for the Tatas. The latest shareholding in Corus shows advisors, bankers and brokers of rival bidder CSN hold nearly 20% in Corus, reports CNBC-TV18.
The race for Corus could get tougher for the Tatas. The latest shareholding in Corus shows advisors, bankers and brokers of rival bidder CSN hold nearly 20% in Corus, reports CNBC-TV18.
UBS, a broker to CSN, holds 7.36% and bankers and advisors Barclays and Goldman Sachs hold over 4% each. Along with CSN's own 3.8% stake, the total amounts to nearly 20%. Goldman Sachs' holding has risen from 3% on November 8 to 4% on November 20. The single largest shareholder, Standard Life, has 7.8% and it has already indicated it is not in favour of Tata's price for Corus.
Lehman Brothers, the legal and general investments and capital group hold nearly 10% and they are independent stakeholders. This is the stated position, but it isn't known whether these stakeholders are acting on behalf of the bidders.
UBS, a broker to CSN, holds 7.36% and bankers and advisors Barclays and 
