Thursday, March 20, 2008

Deals of the Day: The Bear Stearns Empire Strikes Back

Best sub-headline of the day:

Today in Bear Stearns

over this Deal Journal story:

The empire strikes back, as outrage about the $2 a share price turns to action. [WSJ]
Jimmy Cayne and billionaire investor Joe Lewis are apparently looking for a white knight, the Post’s Zachery Kouwe reports. [New York Post]
Incidentally, Cayne and other Bear executives would get “paltry” exit packages if the J.P. Morgan deal went through. [WSJ]...MORE