Danamon Deal Priced to Fail Over Singapore Bank Clash

Munshi Ahmed/Bloomberg

DBS, Southeast Asia’s largest lender, said on April 2 it planned to acquire Danamon in a two-stage process -- first obtaining the 67 percent currently held by Singapore investment fund Temasek Holdings Pte , and then making a 7,000 rupiah-a- share cash offer for another 32 percent.