J.P. Morgan buys Bear in fire sale, as Fed widens credit to avert crisis: ailing firm sold for just $2 a share in U.S.-backed deal

Article Abstract:

Faced with either bankruptcy or a forced sale, investment bank Bear Stearns Cos. agrees to be sold to J.P. Morgan Chase & Co. at the price of $2 a share in a deal worth around $236 million. Article discusses the ailing mortgage-backed securities sector and capital markets, and the Federal Reserve Board's efforts to lessen their impact on securities firms and investment banks.

Investment Banking and Securities Dealing, Acquisitions & mergers, Government expenditures, Investment Banking, Securities issued, listed, Security brokers and dealers, Mergers, acquisitions and divestments, Investment banks, Company acquisition/merger, Economic policy, United States. Federal Reserve Board, Capital market, Capital markets, Securities, Company securities, Mortgage-backed securities, Mortgage backed securities, JPM, Bear Stearns Companies Inc., BSC, Company business forecast/projection, Company forecasts, Industry forecasts, JPMorgan Chase & Co.

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Mergers horror II: the rhetoric

Article Abstract:

Some large acquisitions and mergers from the 1990's with overblown talk of being "ideal" are currently breaking up, particularly the Morgan Stanley Group Inc. and Dean, Witter Discover & Co., as well as Viacom Inc. and CBS Corp. Merger talk public relations is becoming more muted and less overblown.

United States, Public Affairs, Public Relations Methods, Acquisitions and mergers, Public relations

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