2nd Jun 2009 14:23
JPMorgan Chase & Co. (NYSE: JPM) today announced that it priced an offering of 142.0 million shares of its common stock at a price to the public of $35.25 per share, or $5 billion in the aggregate. J.P. Morgan Securities Inc. served as sole bookrunning manager and underwriter for the transaction. The underwriter will have a 30-day option to purchase up to an additional 21.3 million shares of common stock from the company, solely to cover over-allotments. The closing is expected to occur on or about June 5, 2009, subject to customary closing conditions.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.1 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 & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan, Chase, and WaMu brands.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities. No offer to sell or solicitation of an offer to buy these securities shall be made in any state or jurisdiction in which such offer, sale or solicitation would be unlawful. A registration statement relating to these securities has been filed and is effective. A prospectus and prospectus supplement relating to the offering, when available, 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.
Contact: JPMorgan Chase & Co.Investor Contact:Julia Bates, 212-270-7325orMedia Contact:Joe Evangelisti, 212-270-7438
Copyright Business Wire 2009
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