Mergers and Acquisitions: JPMorgan Might Look At Standard Chartered, Cnooc & Nexen News
Potentials suitors are being approached by Singapore’s state-investment fund Temasek, for its 18 percent, $6.1 billion investment in Standard Chartered 5 (SCBFF.PK), according to The Financial Times. The latter has gotten attention recently from JPMorgan Chase & Co. (NYSE:JPM) and Banco Santander S.A. (NYSE:SAN), and the current interest in suitors by Temasek might reignite chatter about a takeover, although its £34 billion market cap might deter any genuine action.
Don’t Miss: What is Happening to Oil?
Tuesday’s Cnooc Limited (NYSE:CEO) and Nexen, Inc. (NYSE:NXY) news consists of word that the Canadian Natural Resource Chairman Murray Edwards believes that the acquisition will likely win approval, commenting that “We clearly need foreign capital in the resource sector” and that there are other oil sands assets more strategic than those of Nexen’s.
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