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RealTime IT News

Today's Deals: ePiggyBank.com Cashes in Its Pennies

By Richard Black   |    August 31, 2000
Page 1 of 6

Brocker Technology Group + Certus, DLJ + Credit Suisse First Boston, iGo + Xtend Micro Products, Intellicall + Wireless WebConnect!, Media 100 + ICE, NetLojix Communications + CWE2 Network Systems, stereoscape.com + ePiggybank.com







 DLJ (DLJ) to merge with Credit Suisse First Boston

  

   *  Amount:         $11.5 billion

  

   *  Terms:            cash and stock		  

   *  Premium:        n/a

  

   *  Industry:        Financial services

  

   *  Scorecard:      B

  


    NEW YORK, Aug. 30--Credit Suisse Group announced that they have signed a definitive agreement for the combination of Donaldson, Lufkin & Jenrette and Credit Suisse First Boston, a subsidiary of the Credit Suisse Group. The $11.5 billion transaction creates one of the world's most powerful investment banking firms and is expected to close in October of 2000. Under the terms of the transaction, DLJ public shareholders will receive $90 in cash for each share, while majority owner of DLJ, AXA Financial , will receive $5.75 billion in Credit Suisse Group stock and $2.39 billion in cash.

     

  



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