Thursday, 29 May 2008

Bye bye Bear

From Bloomberg:
JPMorgan Chase & Co. won approval of its purchase of Bear Stearns Cos., shuttering an 85-year-old firm whose collapse ranks along with Drexel Burnham Lambert as one of the biggest in Wall Street history...Bear Stearns shareholders endorsed the sale during a 10- minute meeting today
Don't say a prayer for me now, save it 'til the quarter after... Apart from the Bear's employees, I don't see many tears being shed about this one.

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