Who would have thought

The bids for Corus are flying thick and fast. Tata Steel, an Indian producer, raised its offer from 455p to 500p on Sunday night. It was responding to the threat of a 475p bid from the Brazilian CSN. But CSN came back with 515p early on Monday morning. Adding in debt and additional up-front pension payments, that values the Anglo-Dutch steelmaker at £5.8bn. Tata said it was considering its options. As recently as September, Corus was struggling to find any buyers at all. The obvious candidates w...