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This is just the beginning.
Time has been very telling...
--- LB <nsite@xxxxxxxxxxxxxx> wrote:
> But will it be as serious as most thought it would
> be?
> Probably not. Time will tell on that.
>
> ----- Original Message -----
> From: sue crew
> To: realtraders@xxxxxxxxxxxxxxx
> Sent: Sunday, March 16, 2008 7:36 PM
> Subject: Re: [RT] TWO BUCKS a share!!! JPMorgan
> Acts to Buy Ailing Bear Stearns at Huge Discount
>
>
>
> Things are very serious
> ----- Original Message -----
> From: Deosaran Bisnath
> To: realtraders@xxxxxxxxxxxxxxx
> Sent: Monday, March 17, 2008 10:27 AM
> Subject: [RT] TWO BUCKS a share!!! JPMorgan Acts
> to Buy Ailing Bear Stearns at Huge Discount
>
>
> 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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