Talks fail
NZPA-Reuter New York
One of America’s major stockbrokers, the E. F. Hutton Group, has had talks with rival brokerage, Shearson Lehman Brothers, about a take-over, but Shearson did not make a formal offer and the talks had ended.
The merger would have created the nation’s second largest brokerage network — after Merrill Lynch.
Hutton said in a statement that Shearson made , no formal offer and that no further talks were planned. Hutton has been a subject of take-over speculation for months because its total capital, SUSI.I4 billion at January 1, is considered low for a major brokerage.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19861110.2.156.8
Bibliographic details
Press, 10 November 1986, Page 28
Word Count
98Talks fail Press, 10 November 1986, Page 28
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.