It is one more of the cases in which diversification led to severe destruction of wealth. It can pay sometimes to remain focussed on your niche and remain in you circle of competence. The aggressive behaviour of getting everything is sometimes not required. This is the story of Tata Steel acquiring European company Corus (actually now i am confused whether i should call it still in Europe after ___exit). It was the boom time of commodity cycle (the period when most mistakes are probably made) when Tata Steel made a bid to acquire Corus. On 5th October 2006 Tata Steel […]