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JPMorgan to buy Bear Stearns for $2 a share

On Sunday, JPMorgan Chase said that it will acquire rival Bear Stearns for a bargain-basement $236.2 million, or $2 a share. It is unbelievable that the once 5th largest investment banks in the world went into total collapse in just a few days.
Furthermore, the stock price went from around $90 in February to a low [...]

Tagged as: banks, bargain, bear stearns, chase, collapse, credit crisis, down, Economy, interest rate, investment, jpmorgan