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Tiger could not have been the only firm notified about the share placement Bank of America's stake in CCB was too large for a single firm to absorb, particularly at that crisis-infused time.
It is significant that, despite courting by the Chinese, no big international bank has yet bought a stake in CCB or BoC, though HSBC owns 19.9% of BoCom.Much therefore hangs on the next few months.
Only Agricultural Bank, the Big Four bank with the deepest problems, has failed to attract a Western investor.In return, the international banks get a cut-price entry ticket: Bank of America paid 1.15 times book value for its stake in CCB, which has now floated at almost twice book.
Bank of America said Monday that it aims to be "a long-term and significant strategic investor in CCB".
It is unclear just how a CCB investment in Bear Stearns would affect Bank of America's ownership in CCB or indirectly of Bear Stearns itself.
Investors had speculated that BofA would sell its stake in CCB, whose shares have fallen more than 40.0% this year, to finance its purchase of Merrill Lynch.
Similar(27)
Are fibroblasts activated in CCB-treated animals in a manner similar to gingival overgrowth caused by CCB?
Do the authors have any ideas as to which collagens are induced and whether they are functional in CCB-treated aortas?
Relative to its overall diameter (about 1.6mm), even growth of 0.12mm/2mo only represents a 6-76-7%crease in overall diameter in CCB-treated WT mice.
Given our rudimentary understanding of these issues, any proposed mechanistic connection to the pathogenesis of gingival hyperplasia in CCB-treated patients would be overly speculative at this time, but worthy of future study.
Are fibroblasts activated in CCB-treated animals in a manner similar to gingival overgrowth caused by CCB? 2) What is hydralazine's mechanism of action on VSMC? 3) There are no latex-injected images of hydralazine-treated aortas.
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