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Monday, October 12, 2009
JPMorgan Division to Buy Majority Stake in Constantia Packaging
FOXBusiness
One Equity Partners, a division of JPMorgan & Chase Co. (JPM) announced its purchase of 66% of Austria-based Constantia Packaging AG (COV), on Monday, according to reports.
Constantia B.V., a Dutch holding company will maintain a 25 percent stake in the company, Reuters reported.
One Equity plans to make offer 38.67 euros per share for the remaining stake in the firm, which closed at a price of 37.79 euros per share, according to Reuters.
Shares of JPMorgan Chase were up four cents in after-hours trading, after rising 23 cents or 0.50% to close at $46.08 per share in Monday's session.
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