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Chase-J.P. Morgan Nuptials Bring Middle Class, Upper Crust Together.(A)(Company In The News)

Investor's Business Daily

| September 14, 2000 | COPYRIGHT 2003 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Marilyn Alva and Steve Watkins

Investor's Business Daily

If there were class divisions in the once staid world of banking, they almost will certainly be diluted when midmarket Chase Manhattan Corp. buys upper-crustJ.P. Morgan & Co. Inc.

The $34 billion stock deal, announced Wednesday, is set to close early next year. Chase will issue 3.7 shares of its stock for each J.P. Morgan share.

The move combines the nation's third-largest bank holding company, Chase, with the fifth-

largest investment banking firm, Morgan. Morgan is also the country's fifth-biggest bank holding company.

"This is a story about growth. It's…

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