Legal Intelligence
The City was suffering a definite hangover in the first weeks of 2007 after the frenzied M&A commotion before Christmas. Deal activity only really started to pick up in the latter stages of January, with the largest transaction coming on the last day of the month when Indian conglomerate and Herbert Smith client Tata emerged victorious in the £6.7bn battle for Corus to forge the world’s fifth-largest steel producer.