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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?


To: cubsfan who wrote (3394)3/24/2008 5:46:16 AM
From: RockyBalboa  Respond to of 6370
 
And now:...
Report: JPMorgan Could Up Bear Offer
Monday March 24, 5:09 am ET
JPMorgan Reportedly in Talks to Increase Bear Stearns Offer to $10 a Share


NEW YORK (AP) -- JPMorgan Chase & Co. was discussing a deal that would increase fivefold its offer for Bear Stearns Cos. to $10 a share, The New York Times reported Monday.
The talks Sunday were an attempt to satisfy Bear Stearns stockholders upset over JPMorgan's offer of $2 a share for the struggling investment bank, the newspaper said on its Web site, citing people involved in the negotiations.

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BSC up 66% to $9.90. This is worse than a casino.