Mr Cooper Group Inc (COOP): How does the precedent of Bear Stearns v...

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Jestiron

Re: jackson227 post# 76077

Thursday, 06/11/2009 12:04:27 AM

Thursday, June 11, 2009 12:04:27 AM

How does the precedent of Bear Stearns vs JPM apply to your theory?

"As Bear Stearns shareholder outrage mounted over J.P. Morgan's $2 per share offer, the banking giant increased its offer to $10 per share, or 0.21753 a share. (Some, understandably, still wanted more.) Additionally, the new terms, according to a statement, said J.P. Morgan would guarantee the first $1 billion of those illiquid assets while the Federal Reserve will be responsible for the remaining $29 billion. Bear shareholders on May 7 dropped a request for a preliminary injunction to block the deal and planned instead to sue for damages."

This is not in line with what you are suggesting. JPM does "care" (about its own ass perhaps)... and they did give in and "back down". And it was quick as well I might add.

Come on Jackson...you know this stuff! LOL

Source: TheDeal.com
http://www.thedeal.com/newsweekly/dealwatch/jp-morganbear-stearns.php

JEST.