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When you put two outside guys on the same side over the tight end , one outside and one inside , that guy was in for a bad day . " Oddly , a friend of mine just had a bidding war for his condo in Arlington - - he was renting it out . The U.K. Takeover Panel called the auction to end a bidding war after Brazil 's Companhia Siderurgica Nacional SA last month made a 4.9 billion pound ( $ 9.6 billion ) bid for Corus that topped a sweetened offer of about $ 9.2 billion by Tata Steel.The panel presided over the auction process that started late Tuesday and continued for several hours until CSN bowed out.Officials at CSN and Corus could not be immediately reached for comment.The winning bid represents a 22 percent premium of the $ 9.2 billion Tata Steel had offered to pay in October , which was later trumped by CSN , the statement said.Tata Steel said its financial advisers to the transaction , which include ABN Amro , NM Rotchschild and Deutsche Bank , are satisfied that sufficient resources are available to execute the all-cash dealThe European Commission had earlier cleared both Tata Steel and CSN as eligible to make a possible acquisition of Corus , which has been searching for a business partner with assets in low-cost countries as rising raw material and energy costs in the Britain and the Netherlands chip away at profits.A successful acquisition of Corus will transform Tata Steel _ currently ranked 56th in the world in terms of output _ into a global player in the metal business.A combined Tata-Corus would have annual steel production of 25 million tons , making it the world 's fifth largest steel producer.It would also continue the consolidation in the global steel industry after Mittal Steel Co. NV 's deal to acquire Arcelor SA to create a powerhouse which has a 10 percent share of the market.Some analysts argue that further consolidation will give the industry more pricing power and greater economies of scale.Corus _ formed in 1999 when British Steel and Koninklijke Hoogovens of the Netherlands combined _ has plants in Britain , the Netherlands , Germany , France , Norway and Belgium . The danger is that we could end up with a bidding process that generated rather small selective discounts and tends toward a relatively uniform price structure across plans . " Despite its potential for fostering unpleasant arguments over ideas ' origin , Marsh argues , the phenomenon is probably not always a bad thing . And everyone is entitled to call him whatever animal they want , but I think he 's more than a bad smell . Logging in the forests has always been done through private companies - - large and small - - that buy trees through a bidding process . But they are interesting in their own right , and Squyres said engineers already are talking about taking repeated snapshots at some point down the road in a bid to catch one in action . In Las Vegas , Unite Here partnered with casino employers to offer English and citizenship classes in a bid to cut turnover and improve customer service . At the moment there is a bidding war over the Tribune Company , which has owned the Los Angeles Times since 2000 .