ABN-AMRO, the largest bank in the Netherlands, have to decide whether to take any action in connection with the poor performance Smit Transformatoren, Dutch manufacturer of transformers. ABN-AMRO acted as the lead underwriter of the IPO Smit, and also released a favorable report on the study of capital around the time of IPO. Smith's share price initially performed favorably, but then declined significantly due to poor earnings announcements and other bad news. "Hide
by Peter Tufano, Cameron Poetzscher Source: Harvard Business School 19 pages. Publication Date: October 31, 1995. Prod. #: 296030-PDF-ENG