3 ms·
Taking a 6% pop as evidence Chase made money from the deal is ridiculous. I'm not going to waste time pulling up charts of their share price, but if I had to be
by berberous 12y ago
Taking a 6% pop as evidence Chase made money from the deal is ridiculous. I'm not going to waste time pulling up charts of their share price, but if I had to bet, their shares were depressed while the overhang of legal liability remained. For example, the price could have been down over 6% due to news of the possible liability, and then popped back 6% when settled. So they would have lost on the deal.
- dd36 12y agoPresumably the top executives own lots of stock. Thus, getting a criminal probe squashed directly benefits their pocketbooks. I assume that's the thinking.