Ripplewood to the rescue

Article Abstract:

The takeover of the Long Term Credit Bank of Japan by Ripplewood Holdings of New York, USA, was first seen as unwise, but may be a good merger in the long view. The Japanese government is backing the merger and is also backing the borrowers of the Long Term Credit Bank for a three year period. However, the government-backed bad debt may not be a good precedent for the Japanese economy.

United States, Japan, Editorial, Long-Term Credit Bank of Japan, Ripplewood Holdings L.L.C.

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CI Financial looks to buy Amvescap

Article Abstract:

C.I. Financial of Canada is to acquire Amvescap PLC of London, England. The combined mutual fund giant will create a company valued at $10.1 billion and C.I. Financial will become the largest Canadian mutual fund operator. Amvescap PLC posted a first quarter net profit of $67 million this year, less than expected.

United Kingdom, Canada, DEPOSITORY INSTITUTIONS, Management investment, open-end, Industry Overview, Company acquisition/merger, Mutual fund industry, Company Profile, AMVESCAP PLC, AVZ

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