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Issue in acquisition
Finance & Accounting
Pages 3 (753 words)
Subject: Finance and Accounting Topic: issue in acquisition Table of Contents Subject: Finance and Accounting 1 Topic: issue in acquisition 1 Table of Contents 2 Introduction 3 Merger of Tata Steel and Corus 3 Merger of Glaxo and Smithkline 4 References 6 Introduction The age of competition has largely led to change in the business dynamics and functioning of business organizations…
However, this strategy has a large share of failures mainly due to differences within the two organizations (Rosner & Shropshire, 2010, p.211-213). The present study would analyze the issues in the merger of two famous organizations so as to gain a better understanding of the issue including an analysis of the possible solutions to such issues. Merger of Tata Steel and Corus Tata Steel is considered to be the pioneer of the steel industry in India and has a huge scale of operations. The present case discusses about the merger of Tata Steel with Corus Group. Corus on the other hand is a UK based steel company whose business and scope of operations are much larger than that of Tata Steel. The hundred percent acquisitions of Corus were carried out with a deal worth 6 billion US dollars and have pushed Tata Steel to one of the largest players in the global steel industry. The process of acquisition was however with Tata Steel facing issues with regards to more competitive bidding by CSN group. The CSN group offered a bid price of 475 pence per share that was higher than that quoted by Tata Steel. In addition to this Tata Steel also faced cultural integration issues. ...
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