Other peoples money

This post is going to be a series of bullet points. I am going to put the dots out there and you guys can make what you want of them

1.Per Bloomberg
"JPMorgan Chase & Co. (JPM) is in “detailed” discussions with administrators to MF Global about acquiring its 4.65 percent holding in the London Metal Exchange, Sky News reported, without saying where it got the information." 2 days ago

2. LME has a few offers on the table from GS, JPM, MF Global (yes, you read that right) etc. This was a story from the Financial Times a few weeks ago. Below is the list of current shareholders with trading rights on the exchange.
3. If JPM acquires the MF Global shares it will be the largest shareholder of LME with 10.9 %
Shares of LME rarely come on the market. 
4. However, LME shareholders are expecting bids for the exchange worth more than £1bn, giving MF Global’s stake a potential value of as much as £47m ($75m).
5. LME is also considering being it's own clearing house http://www.lme.com/self_clearing.asp
6. MF Global is dead and 600 Million is missing. Presumed to be residing with JPM who just happens to want to increase it's control of LME in the future and MF Global in the short term.

unfinished. Will add more later.

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