Traders Laboratory - View Single Post - JPMorgan in Negotiations to Raise Bear Stearns Bid
Thread: JPMorgan in Negotiations to Raise Bear Stearns Bid
View Single Post
  #2 (permalink)  
Old 03-30-2008, 02:11 AM
james_gsx's Avatar
james_gsx james_gsx is offline
james_gsx has no status.

Trader Specs
 
Join Date: Jun 2007
Location: Denver, Colorado
Posts: 691
Thanks: 49
Thanked 47 Times in 27 Posts
Blog Entries: 3
Send a message via AIM to james_gsx Send a message via Skype™ to james_gsx
Re: JPMorgan in Negotiations to Raise Bear Stearns Bid
Not sure why they did this, considering the risks JPM carries in buying BSC. The only real reason they bought BSC was too prevent a complete market collapse. Theres a good article in the Economist about the current crisis and it has good information about the BSC and JPM acquisition, pretty scary to think about what would have happened if no one came in to buy BSC.

I guess they made a higher bid to please a few of the pissed off billionaire shareholders.

Reply With Quote