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Good Afternoon,

In our World News today Brian Graney (TMF Panic) wrote an article titled: Chase Scoops Up H&Q that you may like to read.....


"This "investors' thought of the day" has been brought to you by the friendly folks at Chase Manhattan Corp. (NYSE: CMB), which took everyone on a time-warp joyride back to the halcyon days of the summer of 1997 this morning with its planned purchase of West Coast investment bank Hambrecht & Quist (NYSE: HQ). Chase will cough up $50 per share in cash for H&Q, or a healthy 22% premium to the company's closing price of $41 1/16 per share yesterday. H&Q's shares predictably ran up on the news, while Chase's stock more or less stayed put. "

Click on the link to read the entire article:

Keep Foolish and Prosper,

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