Korea M&A Corporation

Blackstone Group(BX Quote - Cramer on BX - Stock Picks) completed its first Chinese acquisition, paying as much as $600 million for a stake in specialty chemicals maker China National BlueStar, Bloomberg reports. Buyout firm Blackstone agreed in September 2007 to buy a 20% stake from state- owned China National Chemical, which will own the rest of BlueStar. The deal's completion may be announced..

Crossing T’s and dotting I’s, this week there were a couple news briefs from the M&A front: Sony BMG: After months of rumors, Sony (SNE) announced August 5th that they’d reached an agreement to buy partner Bertelsmann’s fifty percent stake in their joint Sony BMG music label. Regulators in Europe approved the deal a few weeks ago and it’s now officially complete. The world’s second largest recor..

A potential acquisition of Wachovia Corp. by Wells Fargo & Co. would create the largest bank in the United States, surpassing Bank of America for that distinction. San Francisco-based Wells Fargo (NYSE:WFC) has $609 billion in assets, $418 billion in net loans, $339 billion in deposits, $151 billion in mutual fund assets under management and 3,327 branches in 24 states. Charlotte, N.C.-based Wac..

The US Treasury on Friday rushed to the aid of ailing money market funds, saying it would guarantee the holdings of funds as it attempted to prevent the spillover of the financial crisis to the $3,400bn (€2,360bn; £1,850bn) US business. In establishing the temporary guarantee programme for the US money market mutual fund industry, the Treasury tapped the Exchange Stabilisation Fund, which was es..

Bank of China on Thursday agreed to acquire a 20 per cent stake in a French financial services company controlled by a leading member of the Rothschild family, a sign that Chinese financial institutions are willing to invest in western assets despite the current state of the market. Confirming an earlier report by FT.com, the bank said in a statement that it would pay Rmb2.2bn (€236m, $330m) for..

Chapter 7 Liquidation Under the Bankruptcy Code The chapter of the Bankruptcy Code providing for "liquidation," ( i.e., the sale of a debtor's nonexempt property and the distribution of the proceeds to creditors.) a. Alternatives to Chapter 7 b. Background c. Chapter 7 Eligibility d. How Chapter 7 Works e. Role of the Case Trustee f. The Chapter 7 Discharge Alternatives to Chapter 7 Debtors shou..