Firsts Home

Equity & Derivatives Companies, sectors, M&A and the financial industry
Reuters scoops rivals on SMFG’s $8 bln share sale 04.09.2009 Sumitomo Mitsui bank’s announcement on April 9 of a huge $8 billion share sale came as no surprise to Reuters’ clients — they had learnt about it 2-1/2 hours earlier exclusively on Reuters. It was the biggest share sale by a Japanese bank in the global financial crisis, prompting queries from clients and scrambling by competitors. SMFG shares were swamped with sell orders when trading reopened on April 10, indicated down almost 14 percent. Reuters Firsts will need at least flash player 9 to give you the full experience. The latest Flash player can be downloaded here	firsts across any industry Commodities & Energy Energy, metals, agricultural and environmental markets FX & Money Markets Macroeconomics, monetary policy, FX and money markets Politics & Risk Politics and political risk Equity & Derivatives Companies, sectors, M&A and the financial industry Fixed Income Sovereign and corporate debt, credit, and ratings firsts by region Americas View stories from this region Europe / Middle East / Africa View stories from this region Asia View stories from this region Emerging Markets View stories from this region

Equity & Derivatives

Companies, sectors, M&A and the financial industry

Reuters scoops rivals on SMFG’s $8 bln share sale

04.09.2009

Sumitomo Mitsui bank’s announcement on April 9 of a huge $8 billion share sale came as no surprise to Reuters’ clients — they had learnt about it 2-1/2 hours earlier exclusively on Reuters. It was the biggest share sale by a Japanese bank in the global financial crisis, prompting queries from clients and scrambling by competitors. SMFG shares were swamped with sell orders when trading reopened on April 10, indicated down almost 14 percent.

Reuters Firsts will need at least flash player 9 to give you the full experience. The latest Flash player can be downloaded here