Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Retired@35 who wrote (46399)	5/27/1999 12:47:00 PM
From: kathyh	Respond to of 90042

mer rumors... chase takeover possible... see following article... math on osi... i think we would need to know the price of inf on the date of record, whenever that will be... then multiply by 1.25... if tim thinks 40 is possible from this deal for us, then that would mean that inf would be around 32 at the time of the share swap... 52 week range of inf 21.87 to 33.50... but i am no math whiz... <ggg> kathy :) Wednesday May 26, 2:39 pm Eastern Time Merrill stock up as Chase merger rumors resurface NEW YORK, May 26 (Reuters) - Merrill Lynch & Co. Inc. (NYSE:MER - news) stock jumped about 10 percent on Wednesday as merger rumors between the leading securities firm and the third-biggest U.S. bank, Chase Manhattan Corp. (NYSE:CMB - news), resurfaced in the stock market. The rumors, which have whirled around Wall Street for months, reappeared in a report in ''Jagnotes.com'' by Dan Dorfman. The report said there was speculation in the market that Chase, long seen as eager to expand equity underwriting, was in exploratory talks to buy Merrill for 1.65 shares of Chase for every Merrill share. Chase and Merrill declined to comment. Merrill stock soared $6.25 to $74.63 while Chase stock gained 63 cents to $74.44 in New York Stock Exchange afternoon trading. Chase, which wants to build its investment bank, talked in the past with Merrill, which is a leader in this field, about a possible deal, sources have said. But Merrill apparently was not interested, they said, preferring to stay independent rather than merging into a more bureaucratic commercial bank. Chase Chairman Walter Shipley said on May 7 he would be interested in a merger but so far the bank has not found the right partner. Chase also has enjoyed strong profit growth and recently laid out a succession plan for after Shipley retires, dampening speculation the bank was looking outside to find a merger deal. But a deal still would make sense, an analyst said. ''These are old rumors and I haven't heard anything new,'' Charles Vincent, an analyst at PNC Institutional Investor Services, said. ''But Chase and Merrill would seem to be a reasonably good fit...Merrill has said it wants to remain independent but if Citigroup (NYSE:C - news) is successful, and it appears to be headed in that direction, then that creates more pressure for combinations of that type going forward.'' Citigroup, the nation's largest financial services company, was formed last year from the merger of Citicorp and Travelers Group Inc., which owns securities firm Salomon Smith Barney. -------------------------------------------------------------------------------- More Quotes and News: Chase Manhattan Corp, The (NYSE:CMB - news) Citigroup, Inc (NYSE:C - news) Merrill Lynch & Co Inc (NYSE:MER - news) Related News Categories: options, US Market News