Short sellers are preying on China’s Harbin Electric Inc. like never before, betting against a Morgan Stanley-backed hedge fund in a buyout that would generate the biggest windfall of any acquisition in the world.
Anheuser-Busch InBev NV’s $5.8 billion purchase of Oriental Brewery Co. has vaulted Deutsche Bank AG to the top of South Korea’s merger league table, putting the firm on course for a record advisory year in the country.
On the morning of May 18, Kevin Barnes published a report accusing executives of Chinese fertilizer maker Yongye International Inc. of using acquisitions to loot cash from the company and manipulate earnings.
Morgan Stanley moved closer to selling its stake in China International Capital Corp. , ending a 15-year relationship with the first Sino-foreign investment bank and freeing the Wall Street firm up to find a new local partner.
Even a buyout bid from Morgan Stanley isn’t enough to boost investor confidence in Yongye International Inc., a Chinese fertilizer maker listed in the U.S. that short sellers say manipulated accounting.
Morgan Stanley is being probed by U.S. federal prosecutors over allegations it misled investors about mortgage derivatives, the Wall Street Journal reported, citing people familiar with the matter that it didn’t identify.
Goldman Sachs Group Inc. hired Kate Richdale from Morgan Stanley to head investment banking services for Asia excluding Japan as the Wall Street firm looks to strengthen client relationships in the region.