Home » Blogs » cahn's blog

Merrill left holding unsold chip issue | FT

Submitted by cahn 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?

Lehman to invest $1.25bn in Japan's UFJ

Submitted by cahn on 22 April, 2003 - 11:09pm

UFJ, one of Japan's four largest banks, is poised to receive a ¥150bn ($1.25bn) capital injection from Lehman Brothers in the latest of a series of investments by Wall Street's leading finance companies into Japan's struggling banking sector.

......UFJ's decision to tap the market for additional capital so soon after the end of the financial year in March sends out a strong signal that it continues to face difficulties.

»