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Non-Tech : BANK ONE
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To: Big Dog who wrote (312)2/14/2000 8:40:00 AM
From: Big Dog   of 466
 
"[Analyst Brad Vander Ploeg at First Union Securities] puts a sale price of $45 a share on the company and names as potential buyers Citigroup, Bank of America (BAC), Chase and Wells Fargo (WFC). The analyst thinks Wells Fargo would be the most willing and able acquirer.

He also thinks there would be plenty of buyers for the credit-card business. Indeed, he says Citigroup's primary motivation in acquiring Bank One would be to get at First USA -- long a Citi rival. Bank of America would simply want to expand its geographical presence and Chase would most likely be attracted by Bank One's commercial-lending operation."

smartmoney.com
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