Stockholders Socked as J.P. Morgan Acquires Bear Stearns in Weekend Rescue

March 17, 2008

The news wasn’t surprising but the price tag was a real
stunner.

On Sunday J.P. Morgan chase agreed to pay $2 per
share to acquire failing Wall Street investment bank
Bear Stearns, lock, stock, and barrel. And the purchase
price, by the way, will be paid entirely in stock and includes purchase
of the company’s 45 story New York office tower…