bagholder??
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JPM to buy BSC for $2.00!!!!
- Thread starter riskymove
- Start date
bagholder??
JPM played hardball with BSC. BSC has no choice but to take the lowball offer.
And the futures are nicely up!! Weird times ...
Globalists just aquired another into their nest..and this is just the beginning of more wealth transfer as they tank our economy and dollar even more. Nothing like good "wholesale" pricing to go in and buy up more parts of the American economy to control.
High oil, $hit dollar, and banking/mortgage companies falling apart from "allowed" over leveraging and destructive investment/loan instruments..all a part of the plan! The American economy sinking to third place as we speak (the real truth...behind the EU and China)!
High oil, $hit dollar, and banking/mortgage companies falling apart from "allowed" over leveraging and destructive investment/loan instruments..all a part of the plan! The American economy sinking to third place as we speak (the real truth...behind the EU and China)!
Can't even buy a latte at Starbucks with it.
Official.
$2 per share. Total price - 250 million.
http://www.bloomberg.com/apps/news?pid=20601087&sid=ar0QxIGdOnWI&refer=home
http://www.nytimes.com/2008/03/16/business/16cnd-bear.html?hp
Mods - All BSC threads discussing price should be merged into this one.
$2 per share. Total price - 250 million.
http://www.bloomberg.com/apps/news?pid=20601087&sid=ar0QxIGdOnWI&refer=home
http://www.nytimes.com/2008/03/16/business/16cnd-bear.html?hp
Mods - All BSC threads discussing price should be merged into this one.
JPMorgan Chase will exchange 0.05473 shares of JPMorgan Chase common stock per one share of Bear Stearns stock. Based on the closing price of March 15, 2008 , the transaction would have a value of approximately $2 per share.
Effective immediately, JPMorgan Chase is guaranteeing the trading obligations of Bear Stearns and its subsidiaries and is providing management oversight for its operations. Other than shareholder approval, the closing is not subject to any material conditions.
ES down to 1283 and change
Effective immediately, JPMorgan Chase is guaranteeing the trading obligations of Bear Stearns and its subsidiaries and is providing management oversight for its operations. Other than shareholder approval, the closing is not subject to any material conditions.
ES down to 1283 and change
This thing is no good for BSC investors who did not sell on Friday.
Essentially they have been sticked.
Essentially they have been sticked.