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Without naming names, can you give us hint in which country or even on
which continent the non-US guys are based?
I can't separate the denials from the lies from the rumors.
From: Timothy Morge <timothymorge@xxxxxxxxxxxxx>
To: realtraders@xxxxxxxxxxxxxxx
Date: Sunday, March 16, 2008, 4:36:37 PM
Subject: [RT] TWO BUCKS a share!!! JPMorgan Acts to Buy Ailing Bear Stearns at Huge Discount
Yes, heard about the likely deal Friday--I worked for
many years at a part of what is now JP Morgan. One
thing driving the deal: At least two more are
brewing--don't be surprised to see two more in the
next week or so if the markets or interest rates do
anyting unusual--two are hanging on by a thread, only
one of which is US based....
Have a happy St Patty's day!
Tim Morge
www.marketgeometry.com
--- Deosaran Bisnath <deobisnath@xxxxxxxxx> wrote:
> JPMorgan Acts to Buy Ailing Bear Stearns at Huge
> Discount
>
> By ANDREW ROSS SORKIN and LANDON THOMAS Jr.
> Published: March 16, 2008
> Bear Stearns, facing collapse because of the
> mortgage crisis, agreed Sunday evening to be bought
> by JPMorgan Chase for a bargain-basement price of
> less than $250 million, the two companies announced.
>
> The all-stock deal values Bear Stearns at about $2
> a share, based on JPMorgan?s closing stock price on
> Friday, the companies said. In contrast, shares of
> Bear Stearns, which fell $27 on Friday, closed at
> $30.
> A deal for Bear Stearns would end the independence
> of one of Wall Street?s most storied firms and help
> halt a sweeping panic that set in at the end of last
> week, causing Bear Stearns?s stock to swoon 47
> percent on Friday.
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