JPMorgan Chase & Co. Announces $8 Billion Capital Raise Thursday September 25, 9:21 pm ET NEW YORK--(BUSINESS WIRE)--JPMorgan Chase & Co. (NYSE: JPM - News) today announced that it intends to offer $8 billion of its common stock for sale to the public. J.P. Morgan Securities Inc. will serve as sole bookrunning manager and underwriter for the transaction. The underwriter will have a 30-day option to purchase up to an additional 15% of the offered amount of common stock from the company to cover over-allotments, if any. ADVERTISEMENT JPMorgan Chase & Co. (NYSE: JPM - News) is a leading global financial services firm with assets of $2.0 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of consumers in the United States and many of the worldâs most prominent corporate, institutional and government clients under its JPMorgan and Chase brands. Information about the firm is available at www.jpmorganchase.com. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities. A registration statement relating to these securities has been filed and is effective. A written prospectus for the offering meeting the requirements of Section 10 of the Securities Act of 1933 (other than a free writing prospectus as defined in Securities Act Rule 405) may be obtained from J.P. Morgan Securities Inc., 4 Chase Metrotech Center, CS Level, Brooklyn, NY 11245 Attention: Chase Distribution & Support Service Northeast Statement Processing.
conference call: http://investor.shareholder.com/jpmorganchase/eventdetail.cfm live blogging: http://dealbreaker.com/2008/09/live-blogging-the-jpmorgan-mut.php this was about the buyout of WAMU.
They prob made 8 billion shorting Wamu to the gamblers Wamu bonds been trading like crap for many months
JPMorgan acquires certain WaMu assets for $1.9 billion Thursday September 25, 9:40 pm ET NEW YORK (Reuters) - JPMorgan Chase & Co (NYSE:JPM - News) has acquired certain assets of Washington Mutual Inc (NYSE:WM - News) for $1.9 billion after the large savings and loan was closed by regulators on Thursday. The acquisition will have no impact on WaMu's depositors or customers. The bank had $188.3 billion in deposits and the Office of Thrift Supervision described it as a $307 billion institution.