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JP Morgan to buy Bear Stearns
http://www.reuters.com/article/bankingFinancial/idUSN1671008920080317
NEW YORK (Reuters) – JPMorgan Chase & Co (JPM.N: Quote, Profile, Research) said on Sunday it would buy stricken rival Bear Stearns (BSC.N: Quote, Profile, Research) for just $2 a share in an all-stock deal that values the U.S. investment bank at the center of the credit crisis at about $236 million.
Interesting news this morning regarding the Bear Stearns developments. I wonder if we will see any integration both in terms of the business and the IT?
Regardless business continues at both banks and I look forward to seeing the response from the market. Do check out the article, it’s an interesting read.
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