Monday, April 2, 2012

Reuters: Hot Stocks: Singapore's DBS shares fall after Bank Danamon bid

Reuters: Hot Stocks
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Singapore's DBS shares fall after Bank Danamon bid
Apr 3rd 2012, 01:07

SINGAPORE, April 3 | Mon Apr 2, 2012 9:07pm EDT

SINGAPORE, April 3 (Reuters) - Shares of Southeast Asia's largest bank DBS Group Holdings Ltd fell nearly 4 percent after it said it plans to acquire Indonesia's Bank Danamon for $7.2 billion.

By 0103 GMT, DBS shares were 2.8 percent lower at S$13.79, with over 2.9 million shares traded. (Reporting by Charmian Kok)

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