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Merger Deals Centred on Thai Military Bank to Be Signed Monday.

Bangkok Post (Bangkok, Thailand)

| March 05, 2004 | COPYRIGHT 2004 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Mar. 5--Final agreements for a three-bank merger centred on Thai Military Bank could be signed on Monday, according to Finance Minister Suchart Jaovisidha.

The boards of TMB, DBS Thai Danu and the Industrial Finance Corp of Thailand all held meetings yesterday to finalise the swap ratio for the merger.

Sources said the final ratio would be 1.2 DBS shares for one TMB share. For IFCT, 0.8 to 0.9 IFCT shares would be swapped for each TMB share.

The merger, announced in January, will create the country's fifth largest bank, with assets totalling nearly 800 billion baht.

Shares of all three banks on the Stock Exchange of Thailand were ...

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