BSC JPM deal done for $20ish a share

NOOOOOOOOOOOO

JP Morgan should wait and keep uncertainty in the air. God damn it, if they do the deal tonight and end it, it will calm everyones nerves.

I blame the leperchauns.
 
JPMorgan Closer on Deal for Bear Stearns
Sunday March 16, 4:59 pm ET
JPMorgan Moves Closer to Deal to Buy Ailing Bear Stearns

NEW YORK (AP) -- Wall Street is waiting for word that JPMorgan Chase & Co. reached an agreement to acquire wounded investment bank Bear Stearns Cos.
The two sides reportedly want a deal locked up before investors can put pressure on both of their stocks once Asian markets open for business. The Wall Street Journal reports the two banks were close to a deal for JPMorgan to buy Bear for $20 a share, or $2.2 billion.

The government, which on Friday helped facilitate a deal to provide funding to Bear Stearns through JPMorgan, continues to monitor the situation closely.

http://biz.yahoo.com/ap/080316/jpmorgan_bear_stearns.html

Stock closed around 39.5 so yeah if sale at 20 - i'd say that is pressure enuf, lol

pS

sorry for bag-holders, seems shareholders just get no recourse, totally sad, i know!
 
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