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by Scott Hanselman.
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Original Post: J.P. Morgan Chase to acquire BankOne
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J.P.
Morgan to buy Bank One
>
>
The deal could be worth $60 billion, the Wall Street Journal
reports.
NEW YORK (CNN/Money) - J.P. Morgan Chase & Co. has agreed to acquire
Bank One Corp. for an estimated $60 billion, according to a published report Wednesday.
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The deal would combine two of the nation's largest financial institutions, the Wall
Street Journal online reported, citing a person familiar with the matter. J.P.
Morgan is the No. 2 bank, and Bank One the No. 6. bank.
Shares of Bank
One (ONE: Research, Estimates)
rose 14 percent in after-hours trading, while J.P.
Morgan (JPM: Research, Estimates)
shares slipped 3 percent.
Read: J.P. Morgan Chase to acquire BankOne