Word: yoshifumi
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...will win the merger fight. At an Aug. 12 press conference, executives from MTFG and UFJ announced that they had agreed to consolidate, a pairing that would create the world's largest bank, with assets of $1.7 trillion, outstripping U.S.-based Citigroup and Japan's Mizuho Holdings. But Yoshifumi Nishikawa, SMFG's iconoclastic CEO, has refused to bow out gracefully. Shortly after MTFG's deal was announced, he offered to merge with UFJ in a one-for-one stock swap valued at $29 billion?a generous 30% premium to UFJ's average market value over the past six months...
...effect. All week long the phone lines between Tokyo and Washington buzzed with American apologies?from President George W. Bush and a host of senior officials. But the man at the other end of the line, Prime Minister Yoshiro Mori, himself is lacking credibility. "He is beyond contempt," says Yoshifumi Oshita, 26, a graduate of the Uwajima Fisheries High School. "I want the Japanese government to make a proper complaint to America but I don't think Mori...
| 1 |