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OCBC Versus Elliott Management: Acquisition of Wing Hang Bank

Emir Hrnji?; Han Dong;

商品編號:9B15N010
出版日期:2015/07/15
再版日期:2015/08/05
商品來源:Ivey
商品主題:Finance; International Business
商品類型:Case (Pub Mat)
涵蓋議題:Mergers & acquisitions;strategy;activism;China
難易度:4 - Undergraduate/MBA
內容長度:20 頁
地域:Singapore; China; Hong Kong
產業:Finance and Insurance;
事件年度:2014

A Singapore-based financial services company, the second largest lender in Southeast Asia, offered to acquire a Hong Kong bank, the eighth largest lender in the country, for a premium price per share. Three months later, a multi-billion hedge fund firm based in the United States had accumulated close to 8 per cent of the Hong Kong bank’s shares. According to Hong Kong’s securities law, the Singapore-based financial institution would have to acquire 90 per cent of the Hong Kong bank’s shares to successfully take the bank private, and there were only 25 days left for the company to meet this requirement. The hedge fund firm’s unspoken message was clear: raise your bid price to buy our shares or we will keep the company public at your expense.

教學手冊:8B15N010;
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