Monday, March 17, 2008

Bid of $2 May Be Bear Holders' Only Option (BSC; JPM)

From the Wall Street Journal:

Desire to Vote Against
J.P. Morgan Chase Offer
Could Be Unrealistic

Bear Stearns Cos.'s shell-shocked investors may want to scuttle the investment bank's sale to J.P. Morgan Chase & Co. for $2 a share, but in the absence of another viable bidder they may have only one real option -- to grin and bear it....MORE

Past Wall Street rescues