Bear Stearns Shareholders Could Reject Sale
Read the full article: http://www.money-rx.com/blog/2008/03/bear-stearns-shareholde...
Senior Executives of Bear Stearns with stakes of over $100 million even at the reduced pre-sale market price of Bear shares, saw their life savings go up in smoke. And so did outside investors such as Bahamas based Joseph Lewis, who bought into Bear Stearns shares worth $1 billion last year. And now they want to fight back and refuse to vote to ratify the sale...Joseph Lewis said on CNBC that he planned to vote against the sale.
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