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Re: Re[2]: [RT] TWO BUCKS a share!!! JPMorgan Acts to Buy Ailing Bear Stearns at Huge Discount



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One of the largest banks in the world is trying
desperately to unload its brokerage arm because it is
in liquidity talks...They are a 'neutral' country by
reputation...
--- Code 2 <Code2@xxxxxxx> wrote:

> 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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