JPMorgan buys Bear Stearns for $2 a share
If anyone doubted just how big a problem the banks are in then this should really put the lid on it, JP Morgan has agreed to buy Bear Stearns for a cut price rate of $2 a share valuing the Bank at about $230m.This means that after 85 years of independence Bear Stearns is no more. For more info see this story in the FT.
JPMorgan buys Bear Stearns for $2 a share
Sun, 16 Mar 2008 23:29:00 GMT
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