Mr Cooper Group Inc fka COOP

[XOM]

Gmenfan your concern is well-founded; re. Bear Stearns JPMC closed at $43 on the day it completed its $10/share aquisition. 1.5 months later JPMC shares were down almost 30% to $31. Three days after announcing conversion of BS prefs to new issues, saw a rebound to $40. Granted WMI and BS are two vastly different situations, but it is interesting to analyze PPS movement following acquisitions and equity conversions.


JPMC
May 30, 2008 - $43 Bear Stearns buyout completed
Jul 15, 2008 - $31 JPMC low
Jul 18, 2008 - $40 Following BS P conversion


JPMorgan Chase & Co. Completes Bear Stearns Acquisition
Saturday, 31 May 2008 08:00am EDT
JPMorgan Chase & Co. announced that it has completed its acquisition of The Bear Stearns Companies Inc., effective on May 30, 2008.
http://www.reuters.com/finance/stocks/keyDevelopments?symbol=JPM&developmentId=1334385

JPMorgan Chase & Co. Announces Conversion Of Bear Stearns Preferred Stock Into JPMorgan Chase Preferred Stock
Tuesday, 15 Jul 2008 08:56am EDT
http://www.reuters.com/finance/stocks/keyDevelopments?symbol=JPM&developmentId=1369506