Boon For JPMorgan Is Disaster For Bear Stearns

S., M.; K., R.
March 2008
High Yield Report;3/24/2008, Vol. 19 Issue 12, p1
The article reports on the acquisition of Bear Stearns by JPMorgan Chase in U.S. The take over includes large staff of leveraged finance division that will add to JPMorgan's leveraged loan and high yield bond. It was bought for $2 per share that was questioned by shareholders. The Federal Reserve will set a lending facility and is looking for stability to Bear Stearn's failure that may affect the economy.


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