Quote:
Originally Posted by L-Pink
JPMorgan's acquisition of Bear Stearns represents roughly 1 percent of what the investment bank was worth just 16 days ago. It marked a 93.3 percent discount to Bear Stearns' market capitalization as of Friday, and roughly a 98.8 percent discount to its book value as of Feb. 29.
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Uhh! That sounds like "a heck of a deal". Heck of a job, too.