There have been several large mergers and acquisitions lately, and the manner of their revelation is generally as interesting as their substance. Some are the subject of speculation and rumour - and generally denied by all parties involved until the moment of announcement. Others come out of the blue, taking most observers by surprise. That's the case with this week's announcement of Toyota Industries Corp's takeover of Cascade Corp. Of course, when M&As involve listed companies, some degree of secrecy is essential to prevent insider trading, and this USD759 million is no different. And the word from both sides is that it will be business as usual after the takeover.
We have all the details in our report this week.