Thursday, August 2, 2012

M&A / Isetan

M&A / Isetan: Lim & Tan says Suntory Beverage's move to take Cerebos private will likely spur interest in other takeover candidates. Notes Suntory's move reinforces the view that strength of the yen and enormous cash resources of large Japan Inc. will continue to see more of overseas acquisitions by Japanese companies. Tips Isetan Singapore as a candidate, noting the stock has surged about 40% in around two weeks. The stock is flat today at $4.57.

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