Business ForumBest hope for Bear investors: more money from JPM at News Forum - Reuters - Bear Stearns Cos shareholders like tycoon Joseph Lewis are hoping that another suitor will emerge to challenge JPMorgan ...
Reuters - Bear Stearns Cos shareholders like tycoon Joseph Lewis are hoping that another suitor will emerge to challenge JPMorgan Chase & Co , but their best hope may be prying a few extra dollars from JPMorgan itself, analysts said.
Never in a million years would I have though Bear Sterns will face the very real possibility of bankruptcy. If this can happen to the big boys, then us small time investors should be doubly careful.
Report: SEC Probes Bear Stearns... Report: SEC Probing Contracts Betting at Bear Stearns Mar 20, 2008 - The SEC Is Investigating Activity Just Before JP Morgan's Purchase
Quote:
The Securities and Exchange Commission is investigating the events leading up to the collapse of Bear Stearns , specifically a surge in options contracts betting that the investment bank's share price would fall sharply, according to the Wall Street Journal.
Citing people familiar with the matter, the paper reported the SEC probe focuses on a surge last week in "put" options that came days before the firm's proposed sale to J.P. Morgan Chase & Co. for stock now valued at about $278.5 million, or $2.32 a share.
A put option allows the buyer of the option the right to sell a certain number of shares in the company at a specific price within a set time.
Best hope for Bear investors: more money from JPM
Linear Mode
