Shinsei Bank Ltd.Grey Market
Nov. 16, 2015, 2:57 AM
- The race to buy General Electric's (NYSE:GE) Japanese commercial-lending operation is nearing the finish line with two bidders remaining, sources told WSJ.
- The leasing arm of Sumitomo Mitsui Financial Group (NYSE:SMFG) and Shinsei Bank (OTCPK:SKLKY) submitted binding bids earlier this month and both will continue discussions for the business valued at nearly $5B.
- Media reports on Friday said GE was set to enter into exclusive talks with SMFG.