The big buyouts in the recent years have been the subject of much interest for me,maybe particularly because this time it involved the indian companies. It started with the Tatas buying out the tetley without any commotion, meanwhile the had bought the truck business of daewoo in korea. another high profile buying was the Arcelor and Mittal merger with the usual or rather unusual turn of events(atleast this type of deal with twists was first for me).
Then in another round of acusitions came from Tatas again, but this time the news came out earlier than the real acquisition of the Corus steel. Now again the same saga unfolded with the brazialian CSN launching a bid war. At this moment the environment from the outside seems to be calm but most of the work will be going on behind the curtains. Lets see who becomes the Fifth largest steel company. Of-course i would like to have tata in that rankings.
Now the other topic that concerns me is the telecom Hutch going on sale. First of all i don’t see any reason why they want to go under hammer. All the reasons that i have read points out that the hutchison-whampoa were merely interested in booking profits. However i had felt that(from ordinary man’s view) hutch was a genuinely intersted company in India and would continue to do so, see the ads that i loved so much. Theirs differences with the Essar’s ruias seems too filmsy.
Now coming to the major point of speculation. who will have the final take on this
To Be Continued……..
