China Financial News Headlines

October 28, 2008

Information on Mergers and Acquisitions

Filed under: financial news — Tags: — Nancy @ 11:30 pm -0500

Sanyuan firstly admit to merge Sanlu; Suspension because of mergers and acquisitions
Sanyuan Share yesterday announced that, at present, the company and the Shijiazhuang San Lu Group Co., Ltd. were discussing the merger and acquisition, so they continue to suspend the shares.

General Motors Merges Chrysler and canvasses for 10 billion U.S. dollars from Government
The news reported to American national largest car manufacturer General Motors is seeking for the approval on 10 billion U.S. dollars from the federal government so that they could merge the third largest Chrysler factory. Once the merger and acquisition being successful, they would carry out the massive layoffs to cut down the cost.

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