Shares in Bear Stearns jump after hopes of better deal
Shares in Bear Stearns shares soared 23% yesterday to $5.91 as investors speculated on the outcome of JPMorgan Chase’s bid to buy the investment bank, which is subject to a shareholder vote. At the weekend, JPMorgan agreed to buy Bear Stearns for $2 a share, a fraction of the $80 it was trading at this month, [...]
Shares in Bear Stearns jump after hopes of better deal
