Merrill left holding unsold chip issue | FT
Submitted by loner on 27 October, 2008 - 1:13pm
Merrill Lynch looks set to become an unwilling shareholder in Singapore's Chartered Semiconductor on Monday after a US$633m rights issue it underwrote for the troubled state-owned chipmaker fell flat.
As the lead underwriter, Merrill might end up with up to 18 per cent of Chartered at a cost of $250m as it mops up unwanted shares. more
What did I say then?
Japan’s “gaijin” bank provides a lesson in how not to do things (3 years 3 weeks ago):
I still believe the "gaijin" did the right thing.
AMATEUR hour was over. When...
