Thursday, June 14, 2007

Nikko out of race for Australia's RAMS - source

(Reuters) - Nikko, which is owned by Japan's Nikko Cordial Corp
, dropped out of the bidding after RAMS revised its
earnings forecast, a source told Reuters.




"There was a major earnings revision last week. It came
late in the process. Nikko came back with an alternative offer
which wasn't accepted," the source said.


Read more at Reuters.com Mergers News

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