[lbo-talk] SocGen could still escape a takeover

uvj at vsnl.com uvj at vsnl.com
Sun Feb 24 14:55:10 PST 2008


Reuters.com

SocGen could still escape a takeover http://www.reuters.com/article/ousiv/idUSL052849120080206?sp=true

Wed Feb 6, 2008

By Andrew Hurst - Analysis

PARIS (Reuters) - Societe Generale's (SOGN.PA: Quote, Profile, Research) survival as an independent bank has been thrown into doubt after it lost 4.9 billion euros ($7.2 billion) in a rogue trader scandal but France's number two lender may still escape the clutches of a predator.

The reason is simple: Rarely has there been a better time for a bank to guard its independence and ward off suitors. http://www.reuters.com/article/ousiv/idUSL052849120080206?sp=true



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