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Commodities Briefing - Categorized | Commodities Exchanges, M&A, Metals and Minerals more

JP Morgan buys more sway in LME takeover battle

Posted on 25 November 2011

JP Morgan has dramatically boosted its influence in the battle to acquire the London Metal Exchange by increasing its stake this week to become the biggest shareholder.

JP Morgan Chase now has stronger input into any changes proposed by suitors while making a tidy profit from any sale, but retains the option to team up with others to block a takeover, analysts and industry sources said………………………………………Full Article: Source


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