A kinder, gentler bank merger?

Jun 17, 1999
Paul Beckman

VILNIUS – Since the spring of 1998, the characters and story line in Lithuania's steamiest bank merging saga have been fairly consistent. Vilniaus Bankas, the largest Lithuanian commercial bank, typically tries to buy a 43 percent stake with 50 percent voting rights in its main competitor, Hermis.The uncooperative Hermis, however, always manages to wiggle free one way or another. But now, an unexpected new twist to the story has developed as the two rivals suddenly announced that they are both r ...

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