Archive | October 17, 2007

Subprime Fallout Hits Japan M&A: No Deal for Sanyo’s Chip Division — Nikkei

By on October 17, 2007 in M&A

The Nikkei Shimbun reported today Sanyo has called off plans to sell Sanyo Semiconductor Co. to Advantage Partners, Japan’s largest buyout firm. The transaction had been priced at Y110 billion or approximately $940M. Shares of Sanyo (JP: 6764) [ADR: SANYY.PK] were down 7.1% to Y182 at the end of the morning session Wednesday. Goldman Sachs [...]

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Nikkei -1.3%, TOPIX -1.9% on Renewed Subprime Concerns after Citi CFO Commentary, U.S. Equities Weakness

By on October 17, 2007 in Market Summary

Japan market summary for Tuesday (Oct. 16) Nikkei 225 Stock Average: -220.23 (-1.3%) to 17,137.92 Nikkei 225 futures Osaka: -270 (-1.6%) to 17,130, Singapore (SGX) -275 (-1.6%) to 17,125, Chicago (CME) *10/15 -190 (-1.1%) to 17,320 TOPIX: -32.19 (-1.9%) to 1,625.25; Advancers 146 x decliners 1,520 (unch. 58), New highs 22 x new lows 47; [...]

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