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Bear Stearns (fka BSC) RSS Feed

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JPMorgan to Buy Bear for $2 a Share Sunday March 16, 10:31 pm ET By Joe Bel Bruno and Madlen Read, AP Business Writers JPMorgan Says It Will Buy Ailing Bear Stearns for Fire-Sale $2 a Share, or $236.2 Million NEW YORK (AP) -- Just four days after Bear Stearns Chief Executive Alan Schwartz assured Wall Street that his company was not in trouble, he was forced on Sunday to sell the investment bank to competitor JPMorgan Chase for a bargain-basement price of $2 a share, or $236.2 million.
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