Banking matchmakers busy
Article Abstract:
J.P. Morgan & Co., the fourth-largest banking firm in the US, is reportedly the takeover target of Germany's biggest bank, Deutsche Bank AG. The speculations came about as a result of an article in "Business Week" that reported that a European bank had met with J.P. Morgan to buy the bank for $175 per share, but that J.P. Morgan was asking for $200 a share. J.P. Morgan, which has long been rumored to be a takeover target, would give a European bank a solid global brand name, merger and acquisition businesses, an asset management unit and a covetable customer base.
Comment:
Is reportedly eyeing J P Morgan and Co as a takeover target
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 1998
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EC hopes GE flap won't spoil relations
Article Abstract:
European Commission's (EC) chief Mario Monti said on Jun 26, 2001 that the agency's decision to disapproved the planned $41-billion merger of General Electric Co (GE) and Honeywell Inc should not signal a breach of US- European relations in the area of antitrust law. Responding to US criticism on the decision, Monti predicted increased cooperation between the EC and US antitrust officials. Pres George W. Bush and his top economic aides have condemned EC for rejecting the GE-Honeywell agreement, which was approved by US regulators.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2001
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Deutsche, Dresdner banks join forces
Article Abstract:
Deutsche Bank, the leading bank in Germany, announced in Mar 9, 2000 that it is acquiring Dresdner Bank, the third largest bank in the country. The transaction, which is worth $29.5 billion, would increase Deutsche Bank's assets to $1.2 trillion. Under the terms of the deal, Deutsche Bank stockholders will control about two-thirds of the combined company, which will retain the Deutsche Bank name.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
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