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Hedgetalk
by Alex Akesson on March 17, 2008
Based on the closing price of March 15, 2008, the transaction would have a value of approximately $2 per share, a total of $240 million.
"JPMorgan Chase's management team has a strong track record of effective merger integration," said Heidi Miller, CEO of JPMorgan Treasury & Securities Services business. "We will work closely in the coming weeks with Bear Stearns' clients and management to execute the transaction quickly."
JPMorgan Chase & Co. is a leading global financial services firm with assets of $1.6 trillion and operations in more than 60 countries.
More at HedgeCo.Net
Permalink: The $240 Million Acquisition Of Bear Stearns
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