Targets of takeover talk

Article Abstract:

Matsushita Electric Industrial Co. executive Yukio Shohtoku has raised the possibility that his firm might someday be a takeover target for a foreign company, although such a scenario remains unlikely. For one thing, the company is still financially strong, unlike Nissan, which sold out to Renault to avoid bankruptcy. While some observers think a foreign takeover is possible, others dismiss the idea, pointing out that most large shareholders of Japanese conglomerates are Japanese, with an aversion to foreign domination, and that foreigners would have a hard time managing the wildly diverse operations of a Japanese conglomerate.

Diversified Companies, ELECTRONIC & OTHER ELECTRIC EQUIPMENT, Electrical & Electronic Equip, Electrical Equipment, Appliance, and Component Manufacturing, Asset sales & divestitures, International economic relations, Electrical equipment and supplies industry, Electric equipment industry, Matsushita Electric Industrial Company Ltd., MC

---

Japan takes cautious stand on U.S. retaliation

Article Abstract:

Japan's constitution barring the use of force except in self-defense, could hinder Japan's ability to support American retaliation in response to the terrorist attacks of September 11, 2001. In addition to Japan's memory of the devastation wrought by World War Two, Japan is conscious that it depends entirely on imported oil, of which 85% came from the Middle East in the last fiscal year. Japan does now allow its soldiers to serve in United Nations peacekeeping forces, but efforts to further expand Japan's military role will require a change in Japanese law.

International Affairs, International politics, Military Action, Political aspects, Military aspects, Military operations, World Trade Center and Pentagon Attacks, 2001

---

Nation's three biggest banks to consolidate operations

Article Abstract:

A three-way alliance between Japan's Fuji Bank, Dai-Ichi Kangyo and Industrial Bank of Japan has been formed resulting in $1.2 trillion in assets. The merger is part of the recommendation made by economists in cleaning up the financial mess of the banking industry. An expected benefit of the colossal merger is the offering of a wide range of services including mortgage banking and investment services. The merger, however, is expected to produce layoffs among the three firms.

Commercial Banks, Commercial Banking, Acquisitions & mergers, Banking industry, Brief Article, Industrial Bank of Japan Ltd., Dai-Ichi Kangyo Bank Ltd. (Japan), Fuji Bank Ltd.

Similar abstracts:

• Abstracts: Flat response to Keppel T&T. Mobilized to consolidate. Vodafone challenges NTT DoCoMo with western ideals
• Abstracts: Mediobanca warns of lower profit. Banca Intesa's profit fell 26% in 1st quarter on cost cutting
• Abstracts: Verbund's earnings improve. RWE's net rose 22% in 1st quarter, reflecting resilience
• Abstracts: Ergo expects rise in pretax profit, premium income. Coface's profit rises 12%. Prudential hits forecasts but doubts still raised
• Abstracts: Taiwanese catch net fever as online trading grows: quick trades and low fees attract small retail investors despite regional economic downturn

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.