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BtoB

Chase to buy Robert Fleming for $8 billion

Published on .

Chase Manhattan Bank, New York, will purchase London-based investment bank Robert Fleming Holdings Ltd. for $8 billion. The deal could be announced imminently, according to published reports. The pact would give Chase greatly extended institutional marketing reach into the booming European and Asian markets, where it lags behind Merrill Lynch & Co. and Goldman Sachs & Co., both of New York.
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