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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (92275)	3/16/2008 7:44:15 PM
From: alphaletter	Read Replies (1) \| Respond to of 110194

JPMorgan says to buy Bear Stearns for $2 a share Sunday March 16, 7:26 pm ET NEW YORK (Reuters) - JPMorgan Chase & Co (NYSE:JPM - News) said on Sunday it would buy troubled rival Bear Stearns (NYSE:BSC - News) for about $2 a share in an all-stock deal, and that the Federal Reserve would fund up to $30 billion of Bear Stearns' less liquid assets. In a statement, JPMorgan said it would exchange 0.05473 shares of its stock for one share of Bear Stearns' stock. It is guaranteeing the trading obligations of Bear Stearns and its subsidiaries.