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Lakymoz America News Blog
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JPMorgan Chase buys crisis facing Tajprombank Bear Stearns
American Tajprombank JPMorgan Chase buys one of its major competitors - Bank Bear Stearns, said AP. As announced on Sunday evening, representatives of the companies, JPMorgan Chase will pay for Bear Stearns 236.2 million dollars - to $ 2 per share Bank in crisis. Following the March 14 exchange trading Bear Stearns shares valued at $ 30 per unit.
It is expected that soon the deal will be formally approved by the United States Federal Reserve. Fed JPMorgan Chase will also provide the funding needed to carry out the transaction.
Sale of Bear Stearns, a former investbankov one of the largest worldwide, analysts may provoke on Monday, March 17, at the collapse of world stock market quotations.
In early March 2008 Bear Stearns estimated at 2.5 billion dollars - for 16 days its price has fallen more than a hundred times that in the view of analysts, may be an indicator of the deepening financial crisis, both in the USA and in the world at large . |
Posted: 6:04 AM, 3/17/2008 |
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