JPM Deal: Buy Bear Stearns HQ, Get iBank (almost) Free!
With the $2 deal now gone, and a new $10 deal agreed upon, the agitation has begun for a $15 deal.
I am considering the $10 deal as buying the HQ property for $1.1B, and getting the rest of the firm for a mere billion bucks.
But those who think they should be pushing their luck may want to be a bit cautious. At a certain point, JPM may just say, "thanks for the building, you've got 90 days to vacate . . ."
Monday, March 24, 2008 | 03:37 PM | Permalink
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that this is how the "bankers" do business as the empire is crumbling down around them is a total travesty. The fed is allowing BSC to blackmail them into a "better deal"..
This is a bailout.......does no one else see that??????
Ciao
MS
Posted by: michael schumacher | Mar 24, 2008 3:44:09 PM
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