JPMorgan Renegotiating Bear Stearns Bid To $10

Andrew Ross Sorkin, New York Times - Under the terms being discussed, JPMorgan would pay $10 a share in stock for Bear, up from its initial offer of $2 a share. Bear Stearns shares were already on the ascent before news of this re-negotiation broke, in hopes of a better deal - Up to $7 and then back down a bit above $5. With this news, you can expect it to nearly double and hover around $9 or $10.

Vested Interest: 
No vested interest
Stock Symbol: BSC BEAR STEARNS COS Stock Price: $10.16 Todays Change: 0.00 (0.00%)