JP Morgan to Raise Bear Bid?
Reports from the NY Times today show that JP Morgan has officially raised it’s bid to $10 per share for Bear Stearns. According to the Times, under the new terms, JPMorgan would pay $10 a share in stock for Bear, up from its initial $2 a share — a figure that represented a mere one-fifteenth of Bear’s going market price. Does this appease the current shareholders?
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