Monday, October 23, 2006
Standard Chartered being targeted - report
Standard Chartered being targeted - report
Story Standard Chartered is being targeted, reported Sing Tao Daily citing unnamed market rumour. The report said that as the UK-based bank puts focus on high growth emerging market, rumour has been rife that it has become a target for acquisition by several US-based banks such as Citibank, Bank of America and JPMorgan Chase.
The report did not further elaborate on the issue.
Meanwhile, according to another report in Mingpao, the market cap of Standard Chartered is about HKD 286bn (USD 36.7bn).
Source Sing Tao Daily, Ming Pao
Value USD 36,700m (market cap)
Story Standard Chartered is being targeted, reported Sing Tao Daily citing unnamed market rumour. The report said that as the UK-based bank puts focus on high growth emerging market, rumour has been rife that it has become a target for acquisition by several US-based banks such as Citibank, Bank of America and JPMorgan Chase.
The report did not further elaborate on the issue.
Meanwhile, according to another report in Mingpao, the market cap of Standard Chartered is about HKD 286bn (USD 36.7bn).
Source Sing Tao Daily, Ming Pao
Value USD 36,700m (market cap)
