Hongkong Bank buying Gordon
Article Abstract:
Hongkong Bank of Canada will acquire Gordon Capital Corp. Under the deal, HSBC Securities, the investment banking unit of Hongkong and Shanghai Banking Corp. Ltd., parent of Hongkong Bank of Canada, will pay an undisclosed amount for the acquisition. Meanwhile, Gordon's sale to Hongkong Bank of Canada is a relief to the company which has recently been plagued by ownership uncertainty, resignations from employees and increased competition. Due to the problems, Gordon has slowly lost money. It also lost its standing as a leading underwriting and equity trading house.
Comment:
Will acquire Gordon Capital
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
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Merrill bid price skyrockets
Article Abstract:
Toronto, Ont.-based Canadian Imperial Bank of Commerce is attempting to acquire the stockbroker network in Canada owned by New York, NY-based Merrill Lynch and Company Inc. CIBC, which has bid about $700 million, is competing against Toronto Dominion Bank.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2001
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