JP Morgan Is Still Cleaning Up Its “Disastrous” $175M Frank Acquisition by Ali_Lev, _IainMartin
the deal as"a huge mistake," the financial giant continues to deal with the fallout.
Got a tip about Frank or JP Morgan? Or other stories we should know about? Reach out to Alexandra S. Levine at [email protected] or 526–1242 on Signal/WhatsApp, and Iain Martin at [email protected]. “After conducting several meetings with Javice to learn about Frank’s business, JPMC initially opted not to pursue a transaction,” it says. But later that year, “following renewed contacts from Frank and its investment bank LionTree Advisors,” the deal was back on the table. LionTree declined to comment.
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