This blue does India proud: Corus now part of Tata Steel.
Economic Times (New Delhi, India), April, 2007
Apr. 3--KOLKATA, India -- The vermilion red with white Corus plc homepage got a distinctive blue streak on Monday. For the first time since the Tata acquisition of Corus was made, the Corus homepage has started carrying the Tata Steel blue logo with the words: Corus is now part of Tata Steel.
The timing was strategic, because on Monday itself Tata Steel completed its $12-billion acquisition of Corus Group plc. The completion of the transaction is pursuant to the scheme of arrangement of the Tata Steel scheme being declared effective by the High Court of Justice in England and Wales on Monday, April 2, 2007. Under the terms, Tata Steel is required to despatch the consideration pursuant to the scheme in not more than 14 days after the effective date.
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