JPMorgan Sources Outline 4 Possible Outcomes For Bear -CNBC
Last update: 3/14/2008 4:07:48 PM
NEW YORK (Dow Jones)--Sources at JPMorgan Chase & Co. (JPM) outlined four possible outcomes for Bear Stearns Cos., (BSC) including a purchase of the company or a possible liquidation, reports CNBC's Charlie Gasparino.
Gasparino reported that one of four scenarios are likely to occur over the weekend: a purchase of Bear Stearns by JPMorgan; another well-capitalized bank or hedge fund buying the investment bank; liquidation in the form of an "orderly wind-down;" or, in what Gasparino said would be the most unlikely situation, Bear Stearns surviving as an independent entity after the injection of foreign capital.
By Jerry A. DiColo, Dow Jones Newswires; 201-938-2007; email@example.com
(END) Dow Jones Newswires