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Temasek Holdings Reap S$2,100,000,000 Profit From Sale of Merrill Lynch
- Thread starter clinton666
- Start date
Mdm Ho Ching is the smartest human being in the world since Zhuge Kingming. Within a few months with the stock, oil and commodities markets plummeting, she still manages to make S$2,100,000,000 in less than 3 months.
Such genius
FYIR (For Your Information Retards): Temasek paid US$23.11 a share while Bank Of America paid for ML at US$28 a share)
Hey Retard, you can't even spell Kongming correctly what the heck are you doing here.
Disgrace...Such a disgrace.
if they do, i think hong lim park wont be able to contain the respondants' uproar. perhaps ST has to cater for extra volume in the forum & finance sections respectively....
Temasek Holdings made $18,000,000,000 last year. No amount of distortions by you retarded maggots will change that fact 
Temasek Holdings made $18,000,000,000 last year. No amount of distortions by you retarded maggots will change that fact
Will you encourage her to buy more into the US financial markets?
Temasek is selective in its investment. Notice that it did not invest in Bear Stearns and Lehman Brothers. That is foresight.
Temasek in good position after Bank of America's bid for Merrill LynchBy Ng Baoying, Channel NewsAsia | Posted: 16 September 2008 2149 hrs
SINGAPORE: Temasek Holding's recent investment in Merrill Lynch has put it in a good position to profit from the current financial turmoil.
The Singapore fund is likely to sell its almost 14 per cent stake for shares of Bank of America as part of a deal between Bank of America and Merrill Lynch that was announced on Monday.
Temasek surprised markets when it paid US$48 a share for Merrill Lynch last December, in a deal valued at some US$4.9 billion.
But a special condition attached to the sale saw Temasek increase its stake in the global wealth management company in July. This brought down the overall price it paid to US$24 a share - that is half the original price.
The increase has made Temasek Merrill Lynch's largest shareholder.
Bank of America's US$50b offer for Merrill Lynch values the company's stock at US$29 a share, putting Temasek firmly in the money for the deal.
Unless Temasek strikes a special deal with Bank of America to hang on to its stake, it will end up with Bank of America shares in its portfolio, as part of the all-stock swap.
Temasek could then choose to sell off the shares, although analysts say it is unlikely to happen in the near term due to market volatility.
A stake in Bank of America means Temasek will own part of what will be the largest wealth management business in the world.
Other observers have called the new Bank of America a "global powerhouse of retail banking, brokerage and money management".
But there are risks, and much will depend on whether the share price of Bank of America holds up in the face of continued turmoil. Temasek has said it is premature to comment at this time.
- CNA/ir
SINGAPORE: Temasek Holding's recent investment in Merrill Lynch has put it in a good position to profit from the current financial turmoil.
The Singapore fund is likely to sell its almost 14 per cent stake for shares of Bank of America as part of a deal between Bank of America and Merrill Lynch that was announced on Monday.
Temasek surprised markets when it paid US$48 a share for Merrill Lynch last December, in a deal valued at some US$4.9 billion.
But a special condition attached to the sale saw Temasek increase its stake in the global wealth management company in July. This brought down the overall price it paid to US$24 a share - that is half the original price.
The increase has made Temasek Merrill Lynch's largest shareholder.
Bank of America's US$50b offer for Merrill Lynch values the company's stock at US$29 a share, putting Temasek firmly in the money for the deal.
Unless Temasek strikes a special deal with Bank of America to hang on to its stake, it will end up with Bank of America shares in its portfolio, as part of the all-stock swap.
Temasek could then choose to sell off the shares, although analysts say it is unlikely to happen in the near term due to market volatility.
A stake in Bank of America means Temasek will own part of what will be the largest wealth management business in the world.
Other observers have called the new Bank of America a "global powerhouse of retail banking, brokerage and money management".
But there are risks, and much will depend on whether the share price of Bank of America holds up in the face of continued turmoil. Temasek has said it is premature to comment at this time.
- CNA/ir
That spastic Clinton666 thought he was cultured and smart !!
Smart my f88king arse.... Cunt even spell properly. You may also want to ask him what is "Clutch Mentality" ? Everybody knows it is "Crutch Mentality" and yet, only spastic uses the term "Clutch Mentality".
Smart my f88king arse.... Cunt even spell properly. You may also want to ask him what is "Clutch Mentality" ? Everybody knows it is "Crutch Mentality" and yet, only spastic uses the term "Clutch Mentality".
It should be Zhuge Liang alias Kong Ming, But then I'm not in his league.
Another cock and bull story filled with distortion to the brimWake up you twit
You spastic
numbers don't lie
You spastic
If no real $$$$$ to show ....don't sound the bull horn yet u twit
If no real $$$$$ to show ....don't sound the bull horn yet u twit
Your retardedness is astounding. It's been 5 hundred years since people keep their cash under their bed.
It's been 5 hundred years since people keep their cash under their bed.
Sori hor :p yr argument sucks big time
Sori hor :p yr argument sucks big time
You spastic maggot
I bet all your life savings are kept in your piggy bank. How much 10cents coins have you collected?
Where I keep my $$$$$ and how much I have is definitely none of your bloody business
Don't divert away from the initial argument
How much have you stuff in your plastic cunt ??
You spastic maggot
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