Steel offer in China tests players' resolve: takeover bid shows scramble in sector; doubts about move

Article Abstract:

Diana Chen Ningning, China Oriental Group Co.'s vice chair and second largest shareholder, has presented a takeover bid for the remaining shares of the firm. Ningning, who already owns 28% of the firm, is offering 38.3 cents in a cash-and-bond deal, valuing China Oriental at $1.1 bil. Analysts believe the bid is likely to be unsuccessful, as it undervalues the shares according to current market statistics.

China, Strategy & planning, Acquisitions & mergers, Blast furnaces and steel mills, Planning, Mergers, acquisitions and divestments, Company acquisition/merger, Steel industry, Company business planning, Ningning, Diana Chen

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Subprime-lending worries hit overseas markets: investors fear damage to huge U.S. economy will hurt Europe, Asia

Article Abstract:

Subprime lending, which has recently had a negative impact on the U.S. stock market, is also affecting markets in Asia and Europe. Although healthy regional economies in Europe and Asia may offer some protection , there are fears that U.S. economic problems could have global implications.

United States, Europe, Forecasts, trends, outlooks, Asia, Economic aspects, Forecasts and trends, International aspects, United States economic conditions, Market trend/market analysis, Stock markets, Stock market, Subprime loans

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