Monday, March 17, 2008

JP Morgan Grabs Bear Stearns For $2; Long Recession Ahead

by H.S. Ayoub, DMDBioHealth InvestorI know this is supposed to be a blog covering the biotechnology and medical industry, but in an unprecedented move for this blog, a major non-health related event will have to be commented on.Bear Steans (BSC) was forced to sell itself to JP Morgan (JPM) for a whopping $2 a share, equal to $236 million in total! The co[...]

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[Source: The Money Blogs]

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