Bear Stearns (fka BSC)

[willlbone]

Late shorts will cash out tommorrow.

Also I copied this.

"It's probably safe to assume that with a book value of $80 a share and the building valued at $8 a share, there are going to be some shareholders who are upset and angry at a $2-a-share deal," said Scott A. Fenn, managing director of policy for proxy advisory firm Proxy Governance. "On the other hand, it's not clear there are many alternatives."
One alternative is that another bidder emerges, which is what Fox-Pitt Kelton analyst David Trone predicted in a note Monday, saying the "the market is pricing in a distinct possibility of a higher bidder emerging at some point." JPMorgan could also raise its offer.