The market as we all know reacts in a very positive manner to this mega merger. All major indices were positive and gained significantly.
DOW - 12036.53 (%Change +1.5%)
NASDAQ - 2692.09 (%Change +1.83%)
S&P 500 - 1298.38 (%Change +1.5%)
As per the experts the merger could take upto 12 months from now. Another interesting thing which came into limelight is the $20 billion loan which JP Morgan is giving to AT&T to complete the proceedings of this deal. This has been the largest commitment any bank has shown towards its client. If the deal fall through then the penalty is heavy and AT&T will give $3 billion in cash to JP Morgan. So by the looks of it JP Morgan is in a win win situtation no matter what.
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