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 |
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Amount: $11.5
billion |
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Terms:
cash and stock |
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Premium: n/a |
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Industry: Financial
services |
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Scorecard: B |
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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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