JPMorgan May Increase Bear Stearns Bid from $2 to $10 a Share
Why would JPMorgan pay more when it can buy Bear Stearns for its original bid of $2 a share? This is very strange and beyond my understanding as to why JPMorgan is bidding against "itself" So far, none of the other big banks are interested in buying BSC. I believe there is some shady business going on here.
The Fed might be bailing out and JPMorgan could be artificially deflating BSC stock value (and inflating afterwards) so they can make lots of money without even buying the Bear Stearns company. This is like a pump and dump. BSC is a Yoyo being thrown by JPM right now.
IMO, it is very dangerous to get into BSC right now because you'll never know when the strings will break. It will probably shoot up for some time so that large shareholders can sell at high prices, then after that, it is anyone's guess what will happen.