Why was trading suspended for so long? WHAT HAPPENED?
$第一共和银行(FRC.US$ Why was trading suspended for so long? WHAT HAPPENED?
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MRK养老 : Off the market, go to bed early
101802833 : JPM acquired most of FRC's assets and deposits, did not acquire any shares or coprorate debt. Long story short, only after JPM completes the asset and deposits acquistion, will FRC resume trading, but on a OTC basis, instead of its current ordinary counter basis
Matthew D : JO morgan announces all FRC banks will be renamed JP morgan banks, shareholders will get JP morgan shares after settlement
71466801 101802833 : “J.P. Morgan is not responsible for its debts and preferred shares”. “Any stock” you saw there?
101802833 Matthew D : If you are thinking of buying FRC shares now to hope for a conversion to JPM shares, you will be sorely disappointed once the dust settles
吾来也 OP MRK养老 : I think the stock market is quietly rising
101802833 71466801 : Nope , no stock. JPM will just acquire most of FRC's assets and deposits, FRC shareholders will be left out to dry , as similar to any other takeover deal in the past.
102597866 Matthew D : Not true leh. JPM not acquiring Frc shares….