Word: merger
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Performance Of The Week Executives from UFJ HOLDINGS and MITSUBISHI TOKYO FINANCIAL GROUP finalized their merger agreement after a three-week legal battle over the details of the deal. Barring a hostile takeover bid by rival SMFG, the marriage of the two giants will create the world's largest bank, with more than $1.7 trillion in assets. Now the tough part: fixing UFJ's long-beleaguered business...
Indeed, the 300 model line (which starts at $23,920) is the first since the 1998 DaimlerChrysler merger to validate Chrysler's strategy of trying to take its brand upmarket with a series of premium, high-volume cars and a new emphasis on design. And the car is fueling a dramatic turnaround at the automaker. On the basis of strong sales of the 300, Chrysler reported last month that it swung to a $628 million operating profit in its second quarter, vs. a $1.2 billion loss a year earlier. Chrysler brand sales were up 17% in July over a year...
...euro was introduced in 1999, financial experts have predicted that it would lead to the sweeping, Continent-wide consolidation of many European industries, particularly the crowded banking sector. The dream was that a single European currency would leap over national priorities and prompt banks to reach across borders for merger partners, the better to compete with America's megabanks. But a funny thing happened on the way to banking consolidation: nothing. Except for a few small deals, such as the 2000 takeovers of Bank Austria by Munich-based HVB, and Unidanmark by Swedish-Finnish lender MeritaNordbanken, banks have preferred...
...owned. Luqman Arnold, Abbey's chief executive, said he thought the deal would be similar to Wal-Mart's 1999 acquisition of British supermarket chain ASDA, which retains its own name and identity. Whether the deal succeeds or not, Europe's banks remain ripe for more mergers. James Hamilton, an analyst at WestLB Equity Markets, says Germany may be next: "If you look at Germany, which is a relatively fragmented market, there is significant scope for consolidation." And German banks are sniffing at potential foreign partners. Deutsche Bank, the country's largest, held merger talks with U.S. behemoth Citibank...
...casinos stems as much from regulatory reform abroad as from limited growth opportunity at home. Indeed, after MGM Mirage announced plans last month to build a casino in Macau, Merrill Lynch predicted that the development would will add five times more value to the company than its proposed mega-merger with the Strip-centric Mandalay...