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Non-Tech : BANK ONE

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To: David C. Burns who wrote (461)1/26/2004 2:26:54 PM
From: Wallace Rivers  Read Replies (1) of 466
 
Thanks for the link. So far, Mr. Dimon has appeared to make the right choice by leaving some money on the table. As we are well aware, frequently in M & A the acquirer's stock gets hammered if the acquirer over pays (as an example, Time Warner acquires AOL).
In this instance, JPM barely even downticked after the acquisition, now is trading UP post merger, which is a pretty uncommon occurrence.
By not causing too much indigestion for JPM, perhaps Mr. Dimon is correct that the combined entity will reward ONE shareholders handsomely over the course of a few years. I wouldn't bet against Mr. Dimon.
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