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JPM JP Morgan Chase and Co

191.50
-0.36 (-0.19%)
After Hours
Last Updated: 22:01:34
Delayed by 15 minutes
Share Name Share Symbol Market Type
JP Morgan Chase and Co NYSE:JPM NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.36 -0.19% 191.50 193.50 189.52 192.81 6,496,834 22:01:34

Wells Enterprises Gets Interest From Private Equity Firms Including Oaktree -FT

31/07/2012 10:40pm

Dow Jones News


JP Morgan Chase (NYSE:JPM)
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Wells Enterprises has put itself up for sale and hired J.P. Morgan Chase & Co. (JPM) to handle the auction process, the Financial Times reported on its website Tuesday citing people familiar with the matter.

The privately-owned company, which produces Blue Bunny ice cream, has drawn interest from a number of private equity buyers including Oaktree Capital Management, the FT reported.

First round bids were due in late June, the newspaper cited the people as saying.

The report said it was unclear which suitors made it to the second round, and that the company was expected to be sold for around $500 million.

Website: www.ft.com

Write to nymonitoring@dowjones.com

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