JPMorgan Chase ups bid for Bear Stearns to $10

Other Category: General Info & Updates

March 24, 2008
Dan
banking

JPMorgan reached an agreement with Bear’s board to acquire Bear for $2.65 billion, or $10 a share, over the weekend.
Not sure how much comfort that brings to shareholders who two Mondays ago had shares worth $70 a share.
Now might be the time to review the prospects of the financial services equities in your portfolio.

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