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Monday October 25, 07:51
MTFG may disclose merger ratio for UFJ

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MTFG may disclose merger ratio for UFJ (by Sh. Nakata)

The No.3 bank of Japan Mitsubishi Tokyo Financial Group said it has an option to reveal the information about its possible merger bid for the nation’s fourth-biggest banking group to make investors less anxious about the issue.

The most important issue for the case was that the company made a decision to postpone the proposal for the merger till April and the investors had no chance to familiarise with the total information about the merger.

Another issue was chained to the counterbid from the Japanese No.2 bank Sumitomo Mitsui Financial Group. The latter proposed a one-for-one merger ratio in August that valued UFJ at Y3, 300bn ($30 billion).

Some investors argued the merger of MTFG and UFJ is more firm combination than of those with SMFG and UFJ.

As soon as MTFG reports its merger ratio, investors will trust the company more.
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10 Sep 2004 08:02 AM UFJ directors split on MTFG merger
 


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