To be or not to be?
or
To buy or not to buy?
Bear Stearns was founded in 1923 and is headquartered in New York. 85 years.
Friday (14 march) closing price of $30 and its year-ago level of $150. On Sunday J.P. Morgan Chase & Co. said it would buy Bear for $ 236 million ($ 2 for share).
On Monday shares of Bear Stearns collapsed 84% to $4.81. Indeed, Joseph Lewis, one of Bear Stearns’ largest shareholders, told CNBC on Monday that J.P. Morgan’s offer was “derisory.” The currency-trading billionaire owns almost 10% of the brokerage firm, having built a stake since September when the shares were trading at more than $100.
Today shares of Bear Stearns up to $ 5.91