Simple Flutes

For people who make and play simple flutes
 
HomeHome  FAQFAQ  SearchSearch  MemberlistMemberlist  UsergroupsUsergroups  RegisterRegister  Log in  

Share | 
 

 Tokyo Exchange Enters $30B Merger Wave

View previous topic View next topic Go down 
AuthorMessage
hurricanemaxi
Active Member
Active Member


Posts : 24
Join date : 2011-11-14

PostSubject: Tokyo Exchange Enters $30B Merger Wave   Wed Nov 23, 2011 2:36 am

Tokyo Stock Exchange Group Inc.’s takeover of Osaka Securities Exchange Co. marks its entry into a global wave of mergers that has seen $30 billion in proposed acquisitions over the last 13 months.

TSE offered 480,000 yen a share for its smaller rival, a 14 percent premium to Osaka’s close the previous day and 23 percent above its average price since the talks were announced March 10, according to data compiled by Bloomberg. Osaka Securities, whose derivatives platform hosts Nikkei 225 Stock Average futures, rose 4.6 percent to 440,500 yen. The offer implies the bourse is worth 129.6 billion yen ($1.68 billion).

Two decades of slowing growth and recession have reduced the value of Japanese stocks since the market peaked in December 1989. The country lost its place as the world’s second-largest equity market to China in 2008 and hosted less than 1 percent of global initial public offerings this year.

“It will make the combined entity a weighty partner in future cross-border deal discussions,” said Sam Hilton, a Hong Kong-based exchange analyst at Keefe Bruyette & Woods Asia.

Tokyo’s exchange, home to Sony Corp. and Toyota Motor Corp. (7203), will buy between 50 percent and 66.67 percent of Osaka’s outstanding stock. The stock hit a high for the year of 482,500 yen on Feb. 18.
‘Eroded Presence’

“The presence of Japan’s market has greatly eroded,” said OSE’s President and Chief Executive Officer Michio Yoneda at a press briefing in Tokyo yesterday. “We would like to be in full force as a global exchange in the 21st century.”

Tokyo’s Topix Index slumped 75 percent through yesterday from a December 1989 peak. As of Nov. 22, Chinese shares were priced at $3.50 trillion, compared with $3.43 trillion for Japan, according to data compiled by Bloomberg.

The merged company, tentatively called the Japan Exchange Group, will have four separate businesses operating a cash equity market, a derivatives venue, a regulatory unit and a clearing company, according to the bid document. The new structure will save 7 billion yen a year and increase revenue by offering improved services, the release said.

TSE President and Chief Executive Officer Atsushi Saito will be made CEO of the Tokyo-based company, while Osaka’s Yoneda will be chief operating officer. Japan’s Fair Trade Commission is expected to begin reviewing the proposed deal next month, according to the statement.
Saab A/C compressors
OC CORPORATE LIMOUSINE
Back to top Go down
View user profile
chanelbags185
Active Member
Active Member


Posts : 81
Join date : 2010-11-12

PostSubject: Re: Tokyo Exchange Enters $30B Merger Wave   Thu Nov 24, 2011 7:52 am

replica designer bags a few thousand people
designer inspired handbags you should be sure to choose
air max 2012 develops very quickly
nike shox turbo number of Air Nike Shoes
men puma shoes information that you provide to us
air max 90 is the famous fashion design
wholesale puma shoes and still want to be in style
puma shoes sale Quality warranty and satisfying service
timberland mens boots to fit your cute gifts?
gucci women shoes You can find the best quality shoes here
Back to top Go down
View user profile
uggboots198
Contributing Member
Contributing Member


Posts : 127
Join date : 2010-11-22

PostSubject: Re: Tokyo Exchange Enters $30B Merger Wave   Sun Dec 04, 2011 5:15 am


Welcome to our stores taste Gather the latest style all this year :
cheap nfl jerseys is an ideal better jerseys to you
discount coach bags sale now
coach bags outlet cheapest and high quality
coach handbags outlet sells all kinds handbags with no tax and free shopping worldwide!
coach outlet online sells the high quality products
coach outlet store online Put it all together
replica designer handbags has a few more fashion at the holiday season
coach outlet store online Most of these handbags
wholesale coach handbags myself handbags possess
cheap authentic jerseys This kind of qualified prospects
nfl jerseys suppliers An vital factor would be to choose
Back to top Go down
View user profile
Sponsored content




PostSubject: Re: Tokyo Exchange Enters $30B Merger Wave   

Back to top Go down
 
Tokyo Exchange Enters $30B Merger Wave
View previous topic View next topic Back to top 
Page 1 of 1
 Similar topics
-
» Tokyo Mew Mew Discussion
» Hello! *wave*
» Exchange of the Spirit WTF?!!
» N's room 2nd wave
» Air Wave Cooker

Permissions in this forum:You cannot reply to topics in this forum
Simple Flutes :: Welcome and announcements :: Chat box-
Jump to: