JPMorgan Chase to raise the offer for Bear Stearns24 March, 2008, 14:33. Posted by Zarathustra
Tags: Bear Stearns, JPMorgan
JPMorgan Chase & Co. agreed to quadruple its offer for Bear Stearns Cos. in an effort to overcome opposition from the shareholders of the crippled securities firm. Bear Stearns stock almost doubled.
So those who bought BSC when it was trading at USD 2 something has made a 4 times profit!