Goldman Sachs in talks for $8 billion deal

Article Abstract:

Goldman Sachs and Co has revealed that it has entered negotiations to acquire Spear Leeds and Kellogg for up to $8 billion. The company chose to purchase Spear Leeds and Kellogg because it is a major player in the tech- laden Nasdaq market. This complements Goldman Sach's goal of becoming one of the largest specialist firms of the New York Stock Exchange. In addition, company officials revealed that they can better compete with Merrill Lynch, which acquired Nasdaq market maker Herzog Heine Geduld, if they combine forces with Spear Leeds and Kellogg.

Publisher: USA Today
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
Securities Dealers, Speer Leeds and Kellogg

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Chase in talks to acquire J.P. Morgan

Article Abstract:

Chase Manhattan Bank is reportedly acquiring investment bank JP Morgan and Co Inc for $28 billion. The deal, which is expected to be announced on Sep 13, will turn Chase Manhattan, which currently has $406 billion in assets, into a top tier global investment bank. The merged firm will have a revenue in excess of $52 billion, profits of $7.5 billion and 90,000 employees. It will rank third in US underwriting and sixth in global merger work.

Publisher: USA Today
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
Commercial Banking, Commercial Banks, J.P. Morgan and Company Inc.

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East Coast Chase takes over West Coast darling

Article Abstract:

Chase Manhattan Corp has signed a deal for $1.35 billion in cash to acquire Hambrecht and Quist Inc, the San Francisco, CA-based investment bank credited for launching such high-tech firms as Apple and Amazon.com. The rising demand from clients for the capital and range of banking services that only banking powerhouses such as Credit Suisse First Boston and Morgan Stanley can give forced H&Q to sell out.

Author: Valdmanis, Thor; Levy, Doug
Publisher: USA Today
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 1999
Investment Banking, Hambrecht and Quist Group Inc.

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Subjects list: United States
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