|
||||||||
|
|
|
|
|
|
|
|
|
|
« Pot Takes Out Ad on Kettle | Main | Bove: Bear Will End Up Costing JPM $65 a Share » March 24, 2008 JP Morgan Increases Bid to $10Under the terms being discussed, JPMorgan would pay $10 a share in stock for Bear, up from its initial $2 a share — a figure that represented a mere one-fifteenth of Bear’s going market price. Bear’s shares rose as high as $10.06 in electronic trading before the market opened; it closed at $5.96 on Friday. Guess where you heard it first? I would say that the most likely outcome is that JP Morgan will sweeten the offer. To add some context, it’s really not that much for JPM. The company’s market value has already increased by $20 billion this week. The offer for Bear will cost JPM $236 million. What’s the big deal if it doubles or even triples the offer? Plus, it could win JPM some goodwill. Posted by edelfenbein at March 24, 2008 9:57 AM |
|
 |
||