Japan bank battle may be brewing
Article Abstract:
While Mitsubishi Tokyo Financial Group has signed an agreement to acquire UFJ Holdings Inc., it has still to come up with a bidding price. In the meantime, Sumitomo Mitsui Financial Group Inc. has put forward a bid for UFJ that is 43% higher than UFJ's market value. With a takeover battle brewing, investors and analysts wonder whether UFJ will reconsider its commitment to Mitsubishi Tokyo.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2004
User Contributions:
Comment about this article or add new information about this topic:
Mitsubishi Tokyo, UFJ agree on merger deal
Article Abstract:
Mitsubishi Tokyo Financial Group signed an agreement to acquire UFJ Holdings Inc. following a Tokyo High Court decision permitting the two to engage in negotiations. Japan's fourth largest bank chose Mitusbishi Tokyo's offer over that of its other suitor Sumitomo Mitsui Financial Group Inc.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2004
User Contributions:
Comment about this article or add new information about this topic:
Bank of Japan plans to buy corporate debt
Article Abstract:
The Bank of Japan said that it will purchase corporate debt as it runs out of traditional deflation-fighting options. It will be the first time that the bank has ever purchased corporate debt.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2003
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Asean nearing founder's vision: after 1997 Burma may be the only nonmember nation. Creation of a security forum is a feather in Asean's cap
- Abstracts: New CEO at Barclays wins praise. London Clearing, Clearnet Agree to Merge
- Abstracts: Degussa to sell food division: unit may fetch $867 million. British Air sells unit to carrier from Germany. E.On sells energy-service unit
- Abstracts: The day of reckoning. China life stumbles
- Abstracts: India's mandate: share the growth. The terror that stalks India. Indian summer