Estates of late tycoons spark M&A interest

WHILE it is still unclear as to how the assets of the two tycoons who passed away recently will be dealt with, mergers and acquisitions (M&A) experts are working overtime to suss out potential deals.

In November, former Finance Minister Tun Daim Zainuddin and businessman T Ananda Krishnan passed away, leaving observers to speculate that some of the assets in their estates could be up for sale.