Culture is the key to BT merger

Article Abstract:

Macquarie Bank Ltd. will spend up to $150 million to meet its merger obligations with Bankers Trust Investment Bank. Macquarie's managing director Allan Moss will study the structure, staff, and culture of both companies to ensure a smooth integration. Moss noted that BT will offer strengths in sales and trading; in 1998, that area generated 74% of BT's net profit, compared to Macquaire's 22%. Five hundred of BT's 900-person staff may have a job with the merged bank.

Investment Banking and Securities Dealing, Investment Banking, Security brokers and dealers, Mergers, acquisitions and divestments, Investment banks, Macquarie Bank Ltd., Moss, Allan, Bankers Trust Investment Bank

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Burp...

Article Abstract:

The investment community is losing patience with Coca-Cola Amatil Ltd. as its stock continues to perform poorly and it experiences shaky relations with its major shareholder, The Coca-Cola Co. Since 1996, it's share price has fallen 52% to $5.19. In the Philippines market, trading profits fell by 41.5% to $57.9 million in the six months to July 2, 1999.

South Korea, Asia, Philippines, Flavoring extracts and syrups, not elsewhere classified, Flavoring Syrup and Concentrate Manufacturing, Other Soft Drink Syrups, Finance, Coca-Cola Co. (Atlanta, Georgia), Soft drink industry, KO, Kennedy, David, Coca-Cola Amatil Ltd., Soft drink syrups

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