JPM in Talks to Increase Bear Purchase Price

From the NY Times: JPMorgan in Negotiations to Raise Bear Stearns Bid JPMorgan Chase was in talks on Sunday night for a deal that would quintuple its offer for Bear Stearns, the beleaguered investment bank, in an effort to pacify angry Bear shareholders, according to people involved in the negotiations. …Under the terms being discussed, JPMorgan would pay $10 a share in stock for Bear, up from its initial offer of $2 a share … The renegotiation, which would set a sale price of more than $1 billion … …
Original Source: feeds.feedburner.com/CalculatedRisk

  24 March, 2008| housingblogs | @ 5:41

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