Credit Suisse Group
has wrapped up the acquisition of
Donaldson Lufkin & Jenrette
, a unit of French insurance and financial services concern
, received about $2.3 billion in cash and about 25 million shares of Credit Suisse Group for its stake in DLJ. In addition, Credit Suisse will repurchase about $1.2 billion of its shares from AXA Financial.
DLJ merged with
Credit Suisse First Boston
, a unit of Credit Suisse Group. The transaction was valued at about $11.5 billion when it was announced in August.