Law360, New York (November 19, 2009) -- JPMorgan Chase & Co. has agreed to pay £1 billion ($1.7 billion) to buy Cazenove Group Ltd. out of its half-stake in the companies' joint venture investment banking operations in the United Kingdom, which would give the financial giant complete ownership of the nearly 200-year-old brokerage.
The deal — a stock acquisition that values Cazenove's shares at £5.35 ($8.90) each — will make JPMorgan Cazenove a wholly owned part of the New York-based banking giant, the...
