Korea M&A Corporation

Nov. 20 (Bloomberg) -- Itochu Corp., an Osaka, Japan-based trading company, will acquire a 20 percent stake in Ting Hsin Group, a China-based food processor, for 70 billion yen ($730 million), Nikkei English News reported, without saying where it got the information. The acquisition gives Itochu a foothold in the expanding processed-food market in China, which is forecast to grow by 30 percent t..

SAMICK MUSICAL INSTRUMENTS CO., LTD is proud to announce that it has acquired ED. SEILER Pianofortefabrik GmbH & Co. KG effective November 1, 2008. ED. SEILER Pianofortefabrik GmbH & Co. KG is now a wholly owned subsidiary of SAMICK MUSICAL INSTRUMENTS CO., LTD. A new management team for SEILER has been appointed, and SEILER pianos will continue to be manufactured in Germany in the same factorie..

TOKYO:Sanyo Electric Co. is largely in agreement with a bid by Panasonic Corp. to take a majority stake in the company and thereby become Japan's largest electronics manufacturer, a press report said Sunday. Panasonic president Fumio Otsubo and Sanyo president Seiichiro Sano reached the "broad agreement" last month, public broadcaster NHK without naming its sources. Reports of Panasonic's plan t..

Laura Lipscomb Federal Reserve Bank of New York May 2005 In conjunction with the Committee on the Global Financial System work group project on foreign direct investment in emerging market financial sectors, staff of the Federal Reserve Bank of New York examined markets for different products used to hedge risks associated with emerging markets, including credit default swaps, political risk ins..

China's largest soft drinks maker, Wahaha, said Monday that it is interested in buying the dairy company at the origin of a nationwide scandal over contaminated milk. A Wahaha spokesman said Wahaha Group Chairman Zong Qinhou had expressed an interest in taking over Sanlu Group, the dairy firm first found to be selling melamine-contaminated products. It followed comments by Zong reported Monday i..

Banco Santander SA is in talks to buy Sovereign Bancorp Inc., the largest remaining U.S. savings and loan, in what would be the third acquisition of a troubled lender in three months by Spain's biggest bank. Santander ``confirms that it's in talks over the said acquisition,'' the Santander, Spain-based bank said today in a regulatory filing. Sovereign was in ``advanced discussions'' with Santand..

Morgan Stanley soared 85 percent in New York trading after the firm sealed its $9 billion investment from Mitsubishi UFJ Financial Group Inc., giving the Japanese bank preferred stock paying a 10 percent dividend. Mitsubishi UFJ, Japan's biggest lender, will get 21 percent of the New York-based company as previously agreed, the firms said today in a joint statement. Terms were renegotiated becau..

TOKYO, Oct. 3 (Xinhua) -- Mitsubishi UFJ Financial Group Inc. is mulling merging its securities unit, Mitsubishi UFJ Securities Co., with U.S. investment bank Morgan Stanley's Japanese securities unit, Kyodo News Agency reported Friday. The company's merger with Morgan Stanley Japan Securities Co., if realized, will make one of the largest wholesale securities service firms in Japan, whose busin..

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..

SanDisk Corp., the world's largest maker of memory cards used in digital cameras, surged the most in more than eight years in Nasdaq trading after Samsung Electronics Co. said it may buy the U.S. company. SanDisk jumped $4.18, or 31 percent, to $17.64 at 4 p.m. on the Nasdaq Stock Market, the biggest gain since January 2000. Samsung, the world's second-largest chipmaker, said today it is conside..

KUALA LUMPUR, Sept 3 (Reuters) - Malaysian sharia lender Bank Islam (BIMB.KL: Quote, Profile, Research, Stock Buzz) in on the hunt for merger and acquisition opportunities at home and in neighbouring Indonesia to boost its market share, its managing director said on Wednesday. Bank Islam, Malaysia's oldest sharia lender which began business in 1983, is trying to claw back market share after heav..

Sep 01, 2008 (Datamonitor via COMTEX) -- SGIOF | Quote | Chart | News | PowerRating -- Japan-based pharmaceutical company Shionogi & Co and US-based Sciele Pharma have signed a definitive agreement under which Shionogi will make a cash tender offer for Sciele shares and subsequently acquire Sciele by executing a cash merger. Under the terms of the agreement and pursuant to a tender offer, Shiono..

Baird, the US-based investment bank and asset manager, is to expand its China business in a move that highlights the growing opportunities for mid-sized banks seeking to service deal activity involving mid-market Asian companies. Milwaukee-based Baird will on Monday announce the launch of investment banking operations in Asia with the hiring of Anthony Yan-Hong Siu, a former senior banker at Sta..

HP announced that it has completed its acquisition of Electronic Data Systems Corporation (EDS), creating a leading force in technology services. With this acquisition, initially announced on May 13 and valued at an enterprise value of approximately $13.9bn, HP has one of the technology industry's broadest portfolios of products, services and end-to-end solutions. The combined offerings are focu..

Hyundai Heavy Industries Co., the world's largest shipbuilder, plans to bid for a 3.35 trillion won ($3.1 billion) controlling stake in Daewoo Shipbuilding & Marine Engineering Co. in what may be the industry's biggest acquisition. A preliminary offer will be submitted Wednesday, Ulsan, South Korea-based Hyundai Heavy said today in an e-mailed statement, without providing more details. The value..

BEIJING, Aug 25, 2008 /PRNewswire-FirstCall via COMTEX/ -- Good Life China Corporation www.goodlifechina.com (GLCC) is pleased to announce that it reached a tentative agreement to acquire a majority position in "The People Home," Chain (TPH). Shijiazhuang (TPH) chain is part of the Shijiazhuang Fuyuan Group. TPH line of business is mainly in the distribution of non durable goods of consumer prod..

Evercore Partners, the boutique investment bank, announced an agreement Thursday to secure a $120 million investment from Japan’s Mizuho Corporate Bank by selling debt and warrants. Evercore plans to use the fresh capital to expand its investment management business, including the financing of several new operations by the end of the year, the company said in a statement. The deal would expand a..

Royal Bank of Scotland Group PLC (RBS.LN) said Thursday it had made some senior appointments in its M&A and corporate finance team in Asia. Richard Griffiths, Ivan Li and Tammy Wan join ABN Amro's M&A team as corporate executive directors and Michael Niederberger joins the corporate finance group as corporate director. Peter Schulz, previously with ABN's London telecoms, media and technology cov..

Asia’s sovereign wealth funds may be loaded, but they don’t need long memories to recall the big losses they’ve suffered on seemingly sure-thing investments in Wall Street’s troubled banks. So with reports that Lehman Brothers came up empty in efforts to win funds from top Chinese brokerage CITIC Securities and state-owned Korea Development Bank, it’s anybody’s guess where it will come up with t..

The Commission found that under EU merger regulations, the merger of the Japanese electronics giants "would not significantly impede effective competition in the European Economic Area". The combination of Kenwood's focus on communications equipment, car and home electronics with JVC's product range, which includes computer-related electronics, was found to be acceptable by the Commission. "The ..

Taiwan's finance ministry said on Wednesday it was investigating possible impropriety in three acquisitions of state-run financial holding firms by private companies. The ministry said it was looking into the acquisitions of Chang Hwa Bank 2801.TW by Taishin Financial (2887.TW: Quote, Profile, Research, Stock Buzz) and of Mega Financial (2886.TW: Quote, Profile, Research, Stock Buzz) by Chinatru..

Taipei, Aug. 20, 2008 (CENS)--Asia Cement Corp., a cement supplier under the Far Eastern Group, will expand to China by acquiring peers through its mainland subsidiaries. Seeing the potential market in China generated by increasing demand for cement to rebuild after the disastrous Sichuan quake, Asia Cement will budget US$600 million to double its mainland capacity to 20 million metric tons of c..

TOKYO (Reuters) - Mitsubishi UFJ Financial Group's (8306.T: Quote, Profile, Research, Stock Buzz) $3 billion bid for control of U.S. unit UnionBanCal Corp (UB.N: Quote, Profile, Research, Stock Buzz) is more than just a rare bet by Japan's most conservative lender -- it could mark the start of a broader U.S. expansion by the bank. As Japan's population ages and the domestic market continues to s..

Mumbai, Aug 4 The Essar group said on Monday that its outsourcing outfit Aegis BPO has agreed to buy the Nasdaq listed off-shoring firm PeopleSupport Inc for $250 million (Rs 1,057 crore). This would be the eleventh acquisition by Aegis in the last four years. Post the acquisition, the companies will merge through Essar Services (Mauritius) and create an entity that would have revenues of $500 m..

The head of KT Corp (030200.KS: Quote, Profile, Research), South Korea's top fixed-line and broadband firm, has said full integration with its mobile service unit KTF Co Ltd (032390.KS: Quote, Profile, Research) would be "desirable", a KT spokesman said on Wednesday. Investors and analysts have long expected KT to absorb KTF, the country's No. 2 mobile carrier and 53-percent owned by KT, to bett..

Chinese logistics giant Sinotrans has agreed to merge with China Yangtze Transportation (Group) Corp, the listed units of the two companies said on Wednesday. The merger is still subject to approvals from China's state assets regulator and other related government departments, Nanjing Tanker (600087.SS: Quote, Profile, Research) and Changjiang Phoenix (000520.SZ: Quote, Profile, Research) said i..