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 […]
That is correct…$2 a share. Wow! There is not much more to say…what a stunning collapse for Bear Stearns. The deal is valued at $236.2 million and the Federal Reserve and the U.S. government swiftly approved the all-stock deal showing the urgency of completing the deal before world markets open tomorrow.
Socialize
In a rather unexpected move, AOL is buying social networking site Bebo for $850 million in cash. For weeks there had been rumors that Bebo was looking for either an acquisition or new financing but no one anticipated AOL stepping in. Bebo has 40 million members and 80 million unique users all of which AOL […]
Gold futures hit $1,000 an ounce for the first time. The sinking dollar and record crude oil prices have gold skyrocketing. Crude hit a record $110.70 a barrel on the New York Mercantile Exchange after earlier rising to a new trading record of $111. Until the Feds get inflation under control Gold and […]
Google’s long-anticipated acquisition of online ad service DoubleClick is coming to a close. The $3.1 billion deal just completed after nearly a year of regulatory wrangling. This new addition is expected to turn the Internet search leader into an even more powerful marketing vehicle that’s fueled by better insights about consumers.
Look out Microsoft […]
Cramer has gone on the record as saying, “defense stocks are as strong as ever and as cheap as ever” If John McCain makes it to the White House he believes you want to be in the defensive stocks. Cramer’s list includes:
Lockheed Martin (LMT), Northrup Grumman (NOC), General Dynamics (GD), L-3 Communications (LLL) and […]
