Mar 21
If you have checked the trading price of Bear Stearns
Company (BSC) stock in the four days since the company was sold to J.P.
Morgan Chase for $2 per share in J.P. Morgan stock, you might well wonder
why it is trading at more than twice the price J.P. Morgan is supposedly
paying for it.
Doesn’t make a lot of sense unless you follow the reasoning of some
market players and a lot of Bear Stearns stockholders. A deal
isn’t a deal until it is done.