JPMorgan Cazenove on Thursday stressed that it saw scope to make more of the synergies between itself and the UK broker, as it confirmed details of a £1bn takeover deal.  JPMorgan is paying 535p a share for Cazenove – 25p in the form of a dividend next month and the rest when the transaction closes early next year.The transaction consummates the joint venture, created five years ago when the US bank paid the equivalent of £459m for a 50% stake.

This entry was posted by Gwen Robinson on Friday, November 20th, 2009 at 4:15 and is filed under Capital markets, M&A. Tagged with jpmorgan cazenove. Edit this entry.