May 3, 1995 |
Warburg Mulls Link With Swiss Bank Corp.: S.G. Warburg Group said it is considering a partial link-up with the banking concern, capping a day of takeover speculation. Swiss Bank Corp., one of the top three banks in Switzerland, had approached Warburg to discuss merging their investment banking businesses, Warburg said in a statement. Earlier, speculation that U.S. brokerage giant Smith Barney Inc. might bid on all or part of Warburg had pushed the company's stock up 5.9% to $13.
May 2, 1995 |
Smith Barney Inc., which has struggled to expand its securities and investment banking empire overseas, is reportedly holding talks with London-based S.G. Warburg Group about a possible merger. The largest British investment bank has been the subject of takeover speculation since late December, when a planned merger with New York-based Morgan Stanley & Co. collapsed amid a dispute about the value of Warburg's investment management company, Mercury Asset Management.
February 20, 1995 |
S.G. Warburg Group Opens Office: The British investment bank said the office is its first in China. It is also seeking clearance for a Shanghai office. The company currently has offices in Hong Kong, Singapore, Kuala Lumpur, Taipei, Bangkok, Seoul, Bombay, Japan, Australia and New Zealand.
February 14, 1995 |
S.G. Warburg Group announced Monday that its chief executive, Lord Simon Cairns, has resigned from London's biggest investment bank. Warburg's chairman, Sir David Scholey, takes over the duties of chief executive at the bank, which has shown signs of trouble ever since a proposed merger with Wall Street powerhouse Morgan Stanley collapsed in December.
December 16, 1994 |
A deal that would have created the world's largest investment bank collapsed Thursday when U.S. investment house Morgan Stanley Group Inc. and its British counterpart S.G. Warburg Group called off merger talks. But analysts said the main sticking point in the $7.8-billion deal--how Warburg's 75%-owned Mercury Asset Management Group would be treated--could be overcome. "Remember, the two companies we're talking about here are world leaders in (mergers and acquisitions).
December 9, 1994 |
In a move that would create a financial powerhouse on both sides of the Atlantic, Wall Street's Morgan Stanley Group and S. G. Warburg Group of London on Thursday said they were discussing a merger of the two financial bluebloods. A combination of two of the world's top financial firms--under control of Morgan Stanley--would give the merged company greater access to corporations and investors around the globe.