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JP Morgan (JPM) is among several suitors for MF Global's (MFGLQ.PK) 4.7% stake in the London...

JP Morgan (JPM) is among several suitors for MF Global's (MFGLQ.PK) 4.7% stake in the London Metals Exchange, reports say. Buying the holding would increase JP Morgan's ownership to 10.9% and alter the dynamics in the £1B ($1.6B) takeover battle for the 134-year old institution.
Comments (2)
  • Gee.....I wonder why JPM would want to increase their ownership interest in the LME?

     

    Perhaps the only reason is to continue/enhance their ability to maniuplate the gold and silver markets.
    20 Nov 2011, 07:15 AM Reply Like
  • Yeah, that's worrisome. Silver, Aluminum, Oil... manipulated to hell... reason copper is still meaningful as an analysis tool is because the market is too big to be pushed around by a JPM or GS....
    20 Nov 2011, 08:37 AM Reply Like
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