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Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: DJBEINO who wrote (38728)	9/21/1998 9:53:00 AM
From: Bipin Prasad	Read Replies (1) \| Respond to of 53903

DJ, Under U.S and EU antitrust laws, merged firms, both domestic and foreign, are required to obtain a prior approval if their combined annual turnovers exceed $100 million and $2.7 billion, respectively. The combined turnovers of Hyundai and LG chip units reached $3 billion last year. Moreover, U.S. efforts to block possible use of the IMF money as subsidies for Korean industries drew particular attention, as Seoul is considering extending massive financial assistance to facilitate swaps and mergers among affiliates of the top-five groups. That's what I've been telling you guys lately. Worst part is that there'll be no more bank loans available to those who can't stand alone among 5 JaiBols' subs. after 30, 98. They can't get any IMF to bail them out either. "Check Mate!" InSook