Corus Plc. has an 840-million dollars offer from Pechiney S.A. for its rolling mills and extrusion plants. Plans to sell the aluminum division as a single unit came undone in September once Corus agreed on a 165-million dollars sale of its 20 percent stake in Aluminerie Alouette to Societe General du Financement, in Quebec. However, the London-based metals producer reports its planned merger with Brazil's Companhia Siderurgica Nacional is over. Corns maintained that diminishing business prospects lowered the positive outlook for the merger. CSN, however, said it cancelled the deal because its due-diligence findings were not satisfactory. In a statement, a company spokesman said the research showed "that Corus' projections did not match up with the numbers they presented."
NSTL
