Why is Bear Stearns Trading Higher than the JP Morgan Offer Price?
March 21, 2008 – 3:48 amIf 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.
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