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Article: California posts list of '96 underwriters; Goldman and Merrill aren't included.(Goldman Sachs and Co.; Merrill Lynch and Company Inc.)
- Article from:
- The Bond Buyer
- Article date:
- February 12, 1996
- Author:
CopyrightCOPYRIGHT 1996 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Bear Stearns & Co., Prudential Securities Inc., and J.P. Morgan Securities Inc. have been selected as senior underwriters on more than $1 billion of California lease revenue bonds expected to be issued in three separate negotiated sales this year, Treasurer Matt Fong announced late Thursday.
Fong also announced co-managers and bond counsel appointments for pending 1996 state bond issues.
However, missing from the list was Goldman, Sachs & Co. and Merrill Lynch & Co. - two of the state's largest underwriters - which some market observers attribute to their entanglement in separate lawsuits filed respectively by the state and Orange County. But a spokesman for ...