Chase: Big Bank, Grand Ambition

Why it's taking the plunge into equity underwriting

When buyout specialist Hicks, Muse, Tate & Furst Inc. wanted to purchase a unit of American Home Products Corp. last year, it needed $1.19 billion. It made one stop at Chase Manhattan Corp. for advice, loans, bond financing, and a cash infusion. But should Hicks Muse want to take the unit public, it would have to look elsewhere. That's about to change.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.