Corus supervisory board deals blow to M&A deal

In an unusual move in a mergers and acquisitions deal, the management board of Corus, the Anglo-Dutch steel group, is taking its supervisory board to court for blocking a disposal.

Corus agreed in October to sell an aluminium division to Pechiney, the French aluminium products company, for €750m ($832.5m). But on Monday night the supervisory board rejected the management board's recommendation for the sale. Corus reacted on Tuesday by filing a request before the enterprise chamber of the Amsterdam Court of Appeal for the sale to proceed.

WSJ Logo
How Trump Got His ‘Big, Beautiful Bill’ Across the Finish LineExternal link

How Trump Got His ‘Big, Beautiful Bill’ Across the Finish Line