Corus board to meet on Jan 31 to consider Tata offer

LONDON:The Board of Corus will meet on January 31 to consider the offer made by the Tatas. While Corus was not available for comment, the next few stages should be rushed through after the rather long-drawn out takeover drama.
The board of Corus is bound by its fiduciary duty to recommend the highest offer to the shareholders, which is the Tata offer.The offer then goes to the court, and then to shareholders for approval in a specially convened EGM.
The siginificant shareholders in Corus have changed quite a bit since the first time the Tata made an offer. Currently, the largest shareholders are UBS AG 10.23%
Standard Life Investments 7.89%
Barclays plc 3.94%
Lehman Brothers 3.87%
Companhia Sider��rgica Nacional 3.80%
Legal & General Investment Mgt 3.59%