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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: JZGalt who wrote (8654)9/28/1999 1:57:00 PM
From: OldAIMGuy  Read Replies (1) of 18928
 
Hi Dave, And yet another!!!

Chase to buy Hambrecht & Quist for $1.35 bln

NEW YORK, Sept 28 (Reuters) - Chase Manhattan Corp. (NYSE: CMB), the nation's second biggest bank, on Tuesday said it would buy San Francisco-based Hambrecht & Quist Inc. (NYSE: HQ) for $1.35 billion in cash to extend its reach in the lucrative investment banking business.


Started at $25 Aug. '98, peak holding at under $15 in Oct. '98; so a $50 buy-out looks pretty good for me!

Congratulations,
Tom
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