Tuesday, April 3, 2012

DBS shares fall after Bank Danamon bid

Shares of Southeast Asia’s largest bank DBS Group Holdings fell nearly 4% after it said it plans to acquire Indonesia's Bank Danamon for US$7.2 billion ($9.0 billion).

By 9:03 a.m., DBS shares were 2.8% lower at $13.79, with over 2.9 million shares traded.


 

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