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Breaking News: Bear Stearns To Sell Itself To Jp Morgan

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They just mentioned it on BBC World.

Some details on Bloomberg - http://www.bloomberg.com/apps/news?pid=206...&refer=home

I love the way Bloomberg quote anonymous sources as 'people say'. :)

Bear Stearns, JPMorgan Strive for Sale, People Say (Update2)

By Yalman Onaran and Elizabeth Hester

March 16 (Bloomberg) -- Bear Stearns Cos. executives were striving today to strike an agreement to sell the crippled securities firm to JPMorgan Chase & Co. before financial markets open in Asia, people with knowledge of the talks said.

The companies may announce an agreement in principle as soon as this evening in New York, giving a range of potential sale prices and leaving details of the transaction unresolved, said the people, who declined to be identified because the talks are private. Negotiations were ongoing, including with other potential bidders, and it was unclear whether a deal would be completed, they said.

Edited by thecrashingisles

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  • 295 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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