Culture is the key to BT merger
Article Abstract:
Macquarie Bank Ltd. will spend up to $150 million to meet its merger obligations with Bankers Trust Investment Bank. Macquarie's managing director Allan Moss will study the structure, staff, and culture of both companies to ensure a smooth integration. Moss noted that BT will offer strengths in sales and trading; in 1998, that area generated 74% of BT's net profit, compared to Macquaire's 22%. Five hundred of BT's 900-person staff may have a job with the merged bank.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 1999
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Burp...
Article Abstract:
The investment community is losing patience with Coca-Cola Amatil Ltd. as its stock continues to perform poorly and it experiences shaky relations with its major shareholder, The Coca-Cola Co. Since 1996, it's share price has fallen 52% to $5.19. In the Philippines market, trading profits fell by 41.5% to $57.9 million in the six months to July 2, 1999.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 1999
User Contributions:
Comment about this article or add new information about this topic: