November 17, 2009 at 17:08 PM EST
(JPM) JPMorgan Chase to Buy Rest of Cazenove Group
JPMorgan Chase & Company (JPM) is in discussions to take full control of its U.K. joint-venture partner, Cazenove Group, for about £1 billion ($1.7 billion). JPMorgan entered into a partnership with Cazenove five years ago. At that time, JPMorgan paid about £100 million for a 50% ownership in Cazenove. Now, JPMorgan intends to buy the remaining 50% [...] (JPM) JPMorgan Chase to Buy Rest of Cazenove Group
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