BPCI's shares fall on news it bought 75% of Carime

Article Abstract:

Banca Popolare Commercio e Industria SpA (BPCI) saw its share value drop amid reports that the bank was going to acquire a majority share of Banca Carime from Banca Intesa SpA. BPCI is believed to have offered to acquire 75% of Carime for 2.3 trillion lire (1.19 billion euros).

Asset sales & divestitures, Mergers, acquisitions and divestments, Banca Intesa S.p.A., Banca Popolare Commercio e Industria S.p.A., Banca Carime

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J.P. Morgan Chase faces suit for canceling Sitcom's IPO

Article Abstract:

JP Morgan Chase and Co. is being sued by Sitcom SpA for canceling the former's initial public offering (IPO). Sitcom is suing JP Morgan Chase for 324 billion lire (167.3 million euros).

United States, Legal issues & crime, Financial Services, Finance and Insurance, Cases, Financial services industry, Securities industry, J.P. Morgan Chase and Co., Sitcom S.p.A.

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Sitcom claims its IPO fell victim to move by Chase

Article Abstract:

Italy's Sitcom blames Chase Manhattan for the failure of its initial public offering, claiming the company cancelled the offering due to its scaling down of its Robert Fleming unit.

Organizational history, Management, Securities, Chase Manhattan Corp., Going public (Securities), Initial public offerings, CMB, Sitcom

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