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I think what is most
serious is leaving the state of the economy in Bernanke's hands.
----- Original Message -----
Sent: Sunday, March 16, 2008 8:18
PM
Subject: Re: [RT] TWO BUCKS a share!!!
JPMorgan Acts to Buy Ailing Bear Stearns at Huge Discount
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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