Philip Chua Business Blog

Posts Tagged ‘bid’

Instead they appointed Temasek unit ST Asset Management – a move backed by the independent directors – in a bid to revive the company’s flagging fortunes.

The move had been opposed by the previous manager, a unit of collapsed Australian investment bank Babcock & Brown, which fell victim to the financial crisis.

Babcock, the firm’s No. 1 shareholder with a 13.8 per cent stake, is in liquidat… more

DBS GROUP Holdings has pulled out of the race to buy ING’s private banking unit in Asia because it does not want to pay a premium for the business, sources say, while OCBC Bank has confirmed that it is still in the running.
DBS let its bid lapse and pulled out of the deal a few weeks ago, the sources add.
When contacted, a DBS spokesman said: ‘As a policy, we do not comment on market rumours and s… more

Reuters – The Obama administration’s pay czar plans to cut the cash salaries of the top employees at seven firms that have received large sums of government aid, in a bid to reshape their compensation packages, the Wall Street Journal said on Tuesday, citing people familiar with the matter.

(SINGAPORE) The result of yesterday’s tender for a plum condo plot at Dakota Crescent shows just why the government recently raised the ‘definite possibility’ that it will restart confirmed list land sales from next year.
A total of 13 bids were received, reflecting developers’ voracious appetite for mass-market and mid-tier private housing land.
The top bid from UOL Group was above market expecta… more

Reuters – Kraft Foods Inc , which went public on Monday with a $16.7 billion offer for Cadbury PLC that the British candy maker rejected, is in talks to arrange about $8 billion of financing for the bid, Bloomberg said, citing two people familiar with the matter.

TWO foreign banks operating in Singapore have just unveiled rock-bottom home loan deals in a bid to secure a bigger slice of the fast-growing mortgage market amid record private home sales.
Market observers say it is too soon to say if a full-blown mortgage rates war will erupt – but the latest rates are sure to get the attention of home hunters.
One key factor allowing super-cheap mortgages is th… more