Goldman Sachs may delay IPO
Article Abstract:
Goldman Sachs may postpone its initial public offering, set for late October or early November 1998, due to the lingering crisis in the world market. Goldman Sachs is receiving advise to delay the share offering until the market improves, but some people inside are optimistic that an IPO will be successful. The company could have a value of $30 billion after the planned IPO and it would also have a more stabilized capitalization as well as the chance to acquire businesses through its stock. Meanwhile, potential investors are awaiting the company's financial results during the 1998 third quarter to know how it tackled the current situations, particularly in Russia.
Comment:
May postpone initial public offering, set for late October or early Novemeber 1998, due to lingering crisis in world market
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 1998
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Takeover rumors hoist Merrill Lynch stock
Article Abstract:
Share prices of investment bank Merrill Lynch have increased 21% on news that it has several interested buyers. The suitors are reportedly American International General, Chase Manhattan and Bank of America. Merrill Lynch's price is estimated at $30 billion, considering its No 1 or 2 ranking. Sources say that anyone of the potential buyers combined with Merrill would result in a financial services giant that can compete against financial powerhouses such as Citigroup.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 1999
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Morgan Stanley power play ends with Mack resigning
Article Abstract:
Morgan Stanley Dean Witter Pres and COO John Mack is resigning from the company on Mar 21, 2001. His resignation is the most prominent in a messy power struggle that kicked off in 1998 with the merger of Morgan Stanley with Dean Witter. It follows other top bankers, such as John Reed of Citigroup and David Coulter at Bank of America, to the exit after a power- sharing arrangement that did not work out.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2001
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