Bear Stearns’ stock boosted by hopes of new bidder

PHILADELPHIA (Reuters) - Shares of Bear Stearns Co Inc traded above the takeover price offered by JP Morgan Chase & Co as investors bet a new suitor may emerge, but such optimism could be pure folly, bankers and analysts said on Monday.
Bear Stearns’s stock traded at $4.71 in afternoon trading on the New York Stock [...]

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JPMorgan to buy Bear Stearns for $2 a share

By Megan Davies and Joseph Giannone
NEW YORK (Reuters) - JPMorgan Chase & Co (JPM.N: Quote, Profile, Research) said on Sunday it would buy stricken rival Bear Stearns (BSC.N: Quote, Profile, Research) for just $2 a share in an all-stock deal that values the fifth largest investment bank at about $236 million.
Under the deal, the Federal [...]

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