Sunday, March 16, 2008
JP Morgan Chase close to buying Bear Stearns
One rumor had it priced at a 30 % discount to market close Fri for the investment bank that has been at he heart of so much of the trouble on Wall St and beyond. My question is, 'Will they abrogate all Bear Stearns executive contracts and have security frog-walk them out of the building after they clean out their desks?' Seems only fair to me.
UPDATE: Boy was that rumor ever wrong, Bloomberg says JPMC is buying Bear for $2.00 a share.
UPDATE: Boy was that rumor ever wrong, Bloomberg says JPMC is buying Bear for $2.00 a share.
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