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The federal government decided today to postpone a decision on whether to block the proposed $30 billion merger of BP Amoco and Atlantic Richfield after the companies made a new offer to divest themselves of further assets, people involved in the discussions said.
"The Prime Minister welcomed South African support of the release of 500 million US dollars of frozen Libyan assets for humanitarian needs and the leaders agreed that the African Union needs to take swift decisions at their summit in Addis Ababa today on the unfreezing of further assets.
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It said labour market reforms were "incomplete" and there was the likelihood of further asset deterioration for Spanish banks.
The company confesses to a projected $600 million funding gap for the third quarter of 2003 and having no clear way to bridge it, short of further asset sales.
Such a move would present Fiat and the Agnellis the difficult decision of deciding whether to shed further assets or abandon the auto business.
Further assets would be an update service or integration of SmPCs into practice software.
"Looking ahead, with VAT going up in January, and the housing market likely to be stagnant, the first quarter would be the most likely timing of any potential further asset purchases," said Hetal Mehta at Daiwa Capital Markets.
Oil prices remain under pressure, but the consumer benefits of lower energy prices and higher disposable income have yet to filter through to the wider equity market, which remains unremittingly negative in the face of further prospective asset sales by oil exporting countries' sovereign wealth funds.
On the other side of the couch er, discussion we have Marc Lowlicht, head of the wealth management division of Further Lane Asset Management.
Marc Lowlicht, head of the wealth management division of Further Lane Asset Management, thinks that as these companies see how poorly the market is doing, they get more faith in their own equity.
Marc Lowlicht, the head of the wealth management division of Further Lane Asset Management, says shareholders are at a disadvantage when it comes to repairing broken trust, needing a large number of their fellows in order to have any kind of voice when the board and the CEO are in cahoots.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com