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    Consulting » Extraordinary Items – West may be best but east costs least.

    Extraordinary Items - West may be best but east costs least.

    Our Insight article last month on the Asian crisis seems to have been nicely prescient. Contributor Sarah Perrin reported in "Holding back the tears" that the stockmarket and currency collapses helped make potential acquisitions out there look much more attractive to western buyers, who were being threatened with stiffer competition from the Far East as a result of the forex crunch.

    Author Writer Date published November 3, 1999 Categories

    “The southeast Asian cloud may have a silver lining after all,” she wrote. Financial Director had been on readers’ desks barely a week before Rexam FD Michael Hartnall spent £58m buying a third of the equity and two-thirds of the debt in a Taiwanese competitor, Der Kwei. Days later, eastern stock exchanges were scoring rises of 10% to 15%. A silver lining indeed …

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