Monday, March 17, 2008

Sale Price Reflects the Depth of Bear’s Problems (New York Times)

Business
Sale Price Reflects the Depth of Bear’s Problems
By ANDREW ROSS SORKIN
Published: March 17, 2008
In a shocking deal to save Bear Stearns, JPMorgan Chase agreed to pay a mere $2 a share to buy all of Bear — less than one-tenth the firm’s market price on Friday.
LINK TO NEW YORK TIMES STORY

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