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Updated almost 17 years ago on . Most recent reply
Joshua DorkinPoster
#2 Questions About BiggerPockets & Official Site Announcements Contributor
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#2 Questions About BiggerPockets & Official Site Announcements Contributor
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- Maui, HI
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Breaking News: JPM Chase to Acquire Bear Stearns for $2
Joshua DorkinPoster
#2 Questions About BiggerPockets & Official Site Announcements Contributor
Pro Member
#2 Questions About BiggerPockets & Official Site Announcements Contributor
- BiggerPockets Founder
- Maui, HI
After a stunning collapse on Friday (close to a 50% fall) due to exposure in shaky securities linked to subprime mortgages, it was reported today that Bear Stearns, one of the Big 5 Investment Banks, will be acquired by a dismal $2.00/share by JPMorgan Chase.
The deal prices the bank at an almost unimaginable $236 million dollars.
Thoughts?
