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Sumitomo, the core of the Sumitomo keiretsu, has 15,000 employees and ¥52 trillion in assets.
First off, I'm a bit surprised that Axcelis didn't simply wait and see where the Sumitomo negotiations go.
Moreover, in light of the Sumitomo bid, the court may also apply the Unocal standard applicable to board defensive action in the face of a hostile bid.
Goldman filed with regulators to allow the charity, the Kamehameha Activities Association, and the Sumitomo unit, SMBC Capital Markets, to sell 14.1 million shares.
The legal arguments Mr. Levine has made in the Sumitomo and Enron cases include similar descriptions of J. P. Morgan's derivatives transactions.
In the Sumitomo case, Mr. Levine wrote that Chase disguised its loans as "copper swaps," or agreements involving the actual purchase of the commodity and exposure to its fluctuating price.
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"We are in for tough times," said Kazutaka Kirishima, an economist at the Sumitomo-Life Research InsTheute, adding: "The risk of a double-dip recession is high.
The Gujarat project was financed by Rabobank of the Netherlands and the Sumitomo Corporation of Japan.
The company is affiliated with the Sumitomo group.
The group includes the Sumitomo Mitsui Banking Corporation, the Sumitomo Mitsui Card Company, the SMBC Leasing Company and Japan Research Institute Ltd.
UFJ cut its profit target by 46percentthethe Sumitomo Mitsui Banking Corporation by 70percentt.
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