In a quarter where MA professionals have been weeping into their gazpacho, a deal has at last come to market courtesy of JP Morgan. Not only that, but it was put together in a mere eight weeks. The deal will see Taiwanese consumer electronics companies Teco and Sampo merge to create a giant.
Teco is currently the number one Taiwanese manufacturer of fridges, and is second in air-conditioners and TVs, and fourth in washing machines. Sampo is number one in TVs, third in washing machines, fourth in air-conditioners and fifth in fridges. Together, the companies will have a dominant position in all four sectors and a market share of around 30%. Their main rivals...
