Archive for December, 2006
What was your childhood’s dream? To become a doctor, lawyer, engineer, teacher or a journalist? But you didn’t like to study and you came out second from the bottom, most of the time. You hate science, mathematics, arts and most of the subjects taught in school but you love to hang around with a bunch […]
... written on Dec 05 2006Latest financial breaking news from AP reported that Bank of New York Co. (NYSE : BK, quote) has agreed to take over Mellon Financial Corp. (NYSE : MEL, quote) in a $16.5 billion all-stock deal that will create the world’s largest securities servicing company and one of the biggest asset managers. The new company, which […]
... written on Dec 04 2006If you ever observe, mega-mergers involving multi-billions takeovers usually happens at the end of every year. Some of the merger and acquisition (M&A) examples: Nov-20-2006: Blackstone Group agreed to buy U.S. office building owner Equity Office Properties Trust (NYSE : EOP) in a deal valued at nearly $19 billion. Nov-2-2006: Drugstore chain CVS Corporation (NYSE […]
... written on Dec 04 2006CIMB Investment Bank Berhad (CIMB) officially announced a proposal for the merger of Sime Darby Berhad, Golden Hope Plantations Berhad and Kumpulan Guthrie Berhad to create the world’s largest listed oil palm plantation player valued at RM 31 billion. A special purpose vehicle, Synergy Drive Sdn Bhd will acquire all the businesses including assets and […]
... written on Dec 03 2006Will TM, previously known as Telekom Malaysia (TM : stock-code 4863) finally acquire Time DotCom Berhad (TIMECOM : stock-code 5031) after talk about it was in the air for some time? The news resurfaced again in a local media. Sources said that the telecommunication giant is considering a plan to acquire about 42.7 percent stake […]
... written on Dec 02 2006Financial Times reported on Thursday that the dollar suffered sharp falls, hit by reports of weak US business activity and a benign inflation picture. The euro rose 0.7 per cent against the dollar to $1.3247, the pound rose as high as $1.9699, the yen also gained, rising 0.5 per cent against the dollar to Y115.77. […]
... written on Dec 01 2006
