By Reuters
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- JPMorgan Chase & Co said on Tuesday it would buy Global Shares, an Irish fintech firm whose software helps businesses manage employee stock plans.
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The deal, the terms of which were not disclosed, was expected to close in the second half of this year.
Founded in 2005, Global Shares manages nearly $200 billion in assets and its cloud-based platform is used by more than 600 clients.
The U.S. bank plans to integrate the company into its asset and wealth management business, according to a statement. Global Shares will remain headquartered in Cork, Ireland.
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