Bears Stearn Acquired By JP Morgan for $2/share!!!
Bears Stearn is no more. JP Morgan bailed them out on Friday with the Feds help but has, today, acquired Bears Stearn for $2/share. The Fed has approved. The boards at Bears Stearn and JP Morgan have approved it.
Bears Stearn 52 week high $159
Opened Friday @ $57 closed @ $30
Company sold today for $2/share
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