Ripplewood to the rescue
Article Abstract:
The takeover of the Long Term Credit Bank of Japan by Ripplewood Holdings of New York, USA, was first seen as unwise, but may be a good merger in the long view. The Japanese government is backing the merger and is also backing the borrowers of the Long Term Credit Bank for a three year period. However, the government-backed bad debt may not be a good precedent for the Japanese economy.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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CI Financial looks to buy Amvescap
Article Abstract:
C.I. Financial of Canada is to acquire Amvescap PLC of London, England. The combined mutual fund giant will create a company valued at $10.1 billion and C.I. Financial will become the largest Canadian mutual fund operator. Amvescap PLC posted a first quarter net profit of $67 million this year, less than expected.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2005
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