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Schaeffer's Street Stories: JPMorgan Chase & Co. Acquires 2 Units from UBS

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CINCINNATI--([ BUSINESS WIRE ])--JPMorgan Chase & Co. (NYSE: JPM) announced this morning that it will acquire UBS Commodities Canada Ltd., the Canadian energy operations of UBS AG (NYSE: UBS), as well as the firm's global agricultural business. The deal is expected to close during the first quarter of 2009. The terms of the acquisitions were not disclosed.

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