A Tata-thyseenkrupp Deal May – or May Not – Be Close
According to Reuters, a thyssenkrupp spokesperson said the ongoing talks are coming down the home stretch and that an agreement in principle might be reached this month.
However, Tata declined to say a deal is imminent.
"Tata Steel would like to clarify that it continues to be in strategic discussions with thyssenkrupp," the company said in a statement, according to Indian news service PTI. "The talks are currently ongoing and a decision regarding the same would be taken upon completion of the above discussions."
PTI has more here. The Reuters story is here.