Monday, March 17, 2008
Stockholders Socked as J.P. Morgan Acquires Bear Stearns in Weekend Rescue
The news wasn't surprising but the price tag was a real stunner. On Sunday J.P. Morgan chase agreed to pay $2 per share to acquire failing Wall Street investment bank Bear Stearns, lock, stock, and barrel. And the purchase price, by the way, will be paid entirely in stock and includes ...
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment