kertejud2
03-16-2008, 09:26 PM
JPMorgan to buy Bear for $2 a share
http://news.yahoo.com/s/ap/jpmorgan_bear_stearns
NEW YORK - Just four days after Bear Stearns Chief Executive Alan Schwartz assured Wall Street that his company was not in trouble, he was forced on Sunday to sell the investment bank to competitor JPMorgan Chase for a bargain-basement price of $2 a share, or $236.2 million.
This wont be the last either. Things are looking ugly in the near future down south. How ugly will it get here?
http://news.yahoo.com/s/ap/jpmorgan_bear_stearns
NEW YORK - Just four days after Bear Stearns Chief Executive Alan Schwartz assured Wall Street that his company was not in trouble, he was forced on Sunday to sell the investment bank to competitor JPMorgan Chase for a bargain-basement price of $2 a share, or $236.2 million.
This wont be the last either. Things are looking ugly in the near future down south. How ugly will it get here?