Latest Business News: JP Morgan Under Investigation in Monte Paschi Probe: Document

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Latest Business News: JP Morgan Under Investigation in Monte Paschi Probe: Document

Latest Business News: JP Morgan Under Investigation in Monte Paschi Probe: Document
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Latest Business News: JP Morgan Under Investigation in Monte Paschi Probe: Document

by Wochit 1:09 mins

Italian prosecutors probing Monte dei Paschi's 2007 acquisition of a smaller rival are investigating U.S. investment bank JP Morgan over an alleged crime committed by one of its employees, according to a prosecutors' document. After Michael Dell and his partner Silver Lake Partners upped their bid for the company he founded, it seemed like the board at PC maker Dell would quickly move forward. But it turns out that's not happening. The company said that it's not in a position to accept the proposal yet, but would allow for a vote on the previous offer. A Dell board committee is rejecting a voting rule change behind Michael Dell's increased offer to buy out the struggling PC maker he founded. A group led by Michael Dell and the investment firm Silver Lake Partners recently raised its bid to buy out Dell's other shareholders by a dime, to $13.75 per share.

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