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Ongpin's desk is never clear

SEOUL IS FUN FOR THE FOREIGNERS--SO FAR

Malaysia is proving to be a shrewd player in the international financial markets. By all the rules of the game, the political and financial scandals of the past year, as well as the bleak outlook of the economy, should have left the country paying over the odds for its new borrowings.

MIDDLE-SIZED, NOT MEDIOCRE

Foreign banks in Taiwan are taking off their rose-tinted glasses. They have discovered, a bit late in the day, that high economic growth does not always mean high profits.

HOW TO IMPRESS A JAPANESE FIRM

LEVERAGED FUNDING As part of the total package for its $4.35 billion acquisition of Sperry Corp, the Burroughs Corp plans to raise $250 million of capital via an issue of money market preferred stock.

TRUST -- FOR A PREFERRED SHARE

UNHITCH THE TRACTOR, SUNSHINE

Beware the dirty diggers | Canada grapples on the border | En France on va tout privatiser | Japan prepares for a takeover splurge | Leveraged funding | The city spins with merger mania | The thriving LBO | To focus is to succeed | U.S. megamergers on the wane

KEEFE TAKES ON THE BIG LEAGUE

JAPAN PREPARES FOR A TAKEOVER SPLURGE Contrary to received wisdom, mergers and acquisitions have long been a feature of the Japanese business scene. The local business landscape is littered with the debris of takeover coups -- some successful, others not -- by predatory Japanese companies. Predictably, no foreign company has so far succeeded in taking over a listed Japanese corporation. The recent bid by the Trafalgar Holdings and Glen International consortium to acquire Minebea -- an aggressive Japanese ball bearing and electronics manufacturer -- illustrates graphically some of the barriers which must be overcome to succeed in such a venture.