PIPS
PIPS
HSBC/RepNat Tie-Up
HSBC's offer for Republic New York Corporation (RNYC)--the holding company for Republic National Bank of New York (RepNat)--was held up last week as a result of the investigation into Republic's role in the "Princeton Notes" affair. HSBC announced last week that the tender offer has been extended to October 29 following the investigation, which has centered on the involvement of RNYC's securities arm in the fraudulent sale of funds to Japanese investors. If the deal goes ahead
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