CIMB, RHBCap may revise terms of US$12.9b merger
- 7 years ago
According to Bloomberg, CIMB Group Holdings and RHB Capital are considering changing the terms of a proposed 12.9 billion dollars merger that would create Malaysia's largest banking group.
The newswire reported that RHBCap investors may oppose the all stock deal after CIMB shares tumbled 24 per cent as of yesterday's close since the transaction was announced in October 2014.
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The newswire reported that RHBCap investors may oppose the all stock deal after CIMB shares tumbled 24 per cent as of yesterday's close since the transaction was announced in October 2014.
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