Google Website Translator Gadget

Monday, February 28, 2011

Nippon Steel, S'tomo Metal pick merger advisers -sources


Mon Feb 28, 2011 4:59am GMT

TOKYO Feb 28 (Reuters) - Nippon Steel Corp (5401.T: Quote) has picked Mizuho Securities (8606.T: Quote), Mitsubishi UFJ Morgan Stanley, JP Morgan (JPM.N: Quote) and Bank of America Corp's (BAC.N: Quote) Merrill Lynch to advise it on its planned merger with Sumitomo Metal Industries (5405.T: Quote), sources told Reuters.

Sumitomo has hired Nikko Cordial Securities, a unit of Sumitomo Mitsui Financial Group (8316.T: Quote), Daiwa Securities Group (8601.T: Quote), Goldman Sachs Inc (GS.N: Quote) and Deutsche Securities (DBKGn.DE: Quote) to advise it on the planned union, five sources familiar with the matter said. (Reporting by Emi Emoto; Writing by Tim Kelly,sourced:Thomson Reuters)

Tags: Daiwa Securities group, advice for planned mergers, Nikko Cordial Securities, Sumitomo Mitsui Financial Group, Daiwa Securities Group, Goldman Sachs Inc, Deutsche Securities

No comments: