CTBC Is Said to Consider Pulling Out of Shin Kong Takeover Battle in Taiwan
CTBC Financial Holding Co. has decided against a fresh offer for Shin Kong Financial Holding Co., paving the way for rival Taishin Financial Holding Co. to move ahead with one of the biggest combinations in Taiwan’s financial industry in years.
CTBC aborts bid for Shin Kong
CTBC Financial Holding Co (中信金控) yesterday officially aborted its bid to acquire Shin Kong Financial Holding Co (新光金空) after financial regulators made clear their objections to the takeover. The nation’s third-largest financial conglomerate announced the pullback in a stock exchange filing,
Taiwan regulator rejects CTBC takeover attempt of Shin Kong
Taiwan's financial regulator rejected on Monday a takeover attempt by financial conglomerate CTBC of rival Shin Kong saying its plans were incomplete. CTBC made an unexpected bid for Shin Kong last month,
Taiwan Regulator Rejects CTBC’s $4.1 Billion Bid for Shin Kong
Taiwan regulators rejected CTBC Financial Holding Co.’s $4.1 billion takeover bid for smaller rival Shin Kong Financial Holding Co., blocking the creation of what would have been the island’s biggest financial group.
Taiwan's financial regulator vetoes CTBC's takeover of Shin Kong
The FSC added that CTBC’s merger plan included different stock acquisition ratios, with the lower limit of 10% failing to ensure absolute control over Shin Kong Financial. According to the FSC, this could lead to future disputes over equity and operating rights disputes.
Taiwan's CTBC drops bid for rival Shin Kong
Taiwan's CTBC has dropped its bid to acquire rival Shin Kong, the financial conglomerate said on Friday, citing objections from regulators. "Our company respects financial regulators' directives, and so following board discussion,
Taiwan regulator rejects CTBC’s US$4.1 billion bid for Shin Kong
TAIWAN regulators rejected CTBC Financial Holding’s US$4.1 billion takeover bid for smaller rival Shin Kong Financial Holding, blocking the creation of what would have been the island’s biggest financial group.
Taiwan regulator denies CTBC's $4b bid for Shin Kong Financial
A complicated takeover battle for Taiwan's fifth-largest financial holding firm has taken a turn. The Financial Supervisory Commission has disapproved of CTBC Financial's $4 billion offer to acquire smaller rival Shin Kong.
The Taipei Times3d
Major shareholders of Shin Kong seek to veto merger
Some Shin Kong Financial Holding Co (新光金控) shareholders appear to be pressing ahead with efforts to veto a merger with ...
Reuters9d
Taishin raises offer for Shin Kong in what could be Taiwan's biggest financial deal
Taishin lifts offer price by 25% to about $7 bln Taishin plans to absorb 100% stake in Shin Kong via stock swap Rival offer from CTBC is for a 51% stake through mix of cash and shares Taiwan's ...
devdiscourse5d
Top Financial News Today: UK Housing Prices Spike, Economic Warnings, & Taiwan Banking Tensions
Financial Times reports sharp rise in UK home prices and potential economic risks from spending cuts. UK Chancellor Reeves ...
U.S. News & World Report9d
Taishin Raises Offer for Shin Kong in What Could Be Taiwan's Biggest Financial Deal
TAIPEI (Reuters) - Taiwan financial conglomerate Taishin said it would raise its offer for peer Shin Kong by 25% to about T$222.4 billion ($7 billion), in a deal that would be Taiwan's biggest ...