Bear Sterns Hunted By JPMorgan Chase, Bank of America and HSBC
Filed under: Business, News | By: Roy
Posted on: August 7, 2007 | 1 Comment
The fifth largest broker dealer by market value on Wall Street, Bear Stearns, could be taken over by a number of financial institutions including JPMorgan Chase, Bank of America and HSBC.
At the right price, Bear Stearns is an attractive target for these major companies as the stock price has been suffering a lot.
This year, Bear Sterns stock price has fallen 30%, mainly due to the suffering US sub prime real estate market.
If you are a Bear Sterns shareholder then do you want to sell?
How long is it before Bear Sterns becomes so cheap that it is an irresistible takeover target?
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It looks like Bear Stearns is looking to revitalize itself by looking for a buyer. According to this site I found ..
http://www.newsvisual.com/newsvisual/2007/08/click-here-fo-2.html
JP Morgan and Bank of America are major players in potential acquisition, and the site I just mentioned takes you behind the scenes at how many connections they have ..