JPM Deal: Buy Bear Stearns HQ, Get iBank (Almost) Free!

Includes: BSC, JPM
by: Barry Ritholtz

With the $2 deal now gone, and a new $10 deal agreed upon, the agitation has begun for a $15 deal.

I am considering the $10 deal as buying the HQ property for $1.1B, and getting the rest of the firm for a mere billion bucks.

But those who think they should be pushing their luck may want to be a bit cautious. At a certain point, JPM (NYSE:JPM) may just say, "thanks for the building, you've got 90 days to vacate..."

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