JPMorgan Chase’s $10 Billion Common Stock Offering

On September 26, 2008, JPMorgan Chase & Co. priced an offering of $10 billion of its common stock for sale to the public, in connection with its acquisition of all deposits, assets and certain liabilities of Washington Mutual’s banking operations from the Federal Deposit Insurance Corporation (FDIC).

Cravath is representing J.P. Morgan Securities Inc. as sole bookrunning manager and underwriter for the transaction. J.P. Morgan Securities will have a 30-day option to purchase up to an additional 15% of the offered amount of common stock from the company to cover over-allotments, if any.

The lawyers involved in this matter include partner William V. Fogg, senior attorney G. Douglas Johnson and associates Egya Appiah and John M. Leitner.