Tata Steel: The Acquisition of Corus
商品編號：9B17M071
出版日期：2017/05/19
再版日期：2017/05/19
商品來源：Ivey
商品主題：Entrepreneurship; General Management/Strategy; International Business
商品類型：Case (Pub Mat)
涵蓋議題：international acquisition;global expansion strategy;strategic integration
難易度：5 - MBA/Postgraduate
內容長度：10 頁
地域：India; Netherlands; United Kingdom
產業：Manufacturing;
事件年度：2016
In 2007, when Tata Steel (Tata) bought the Anglo-Dutch steel maker, Corus Group plc (Corus), it was a moment of great promise for India’s growing steel industry. At almost 10 times the size of Tata, Corus was a company of enormous scale. The importance of that scale was reflected in Tata’s need to raise the price of its original offer by a premium of 34 per cent. Tata’s aim was to become a formidable force in the world steel industry. It stood to gain global market exposure, research and development, and technology, while Corus stood to gain cheap raw materials and access to emerging economies. However, negative indicators and market concerns by analysts eventually proved true on March 30, 2016, when Tata announced its decision to sell some units of its U.K. operations. When Brexit occurred in June 2016, confusion grew and Tata’s plans for a future sale of U.K. assets seemed in jeopardy. The removal of the chairman of Tata further added to the woes of Tata Steel Europe. How would the new leadership, after a major failure, bring about changes toward a better future?
教學手冊：8B17M071;
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