Frank G

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    • Sun Mar 23rd 12:14 PM | Rating: 0 0
      Commented on:
      Bear Stearns Should Go for More Than $6 - Barron's
      The stupidest thing I have every read here...

      Why would he pay more? Your reasons, or lack of, have no merit. Its last known Book value represented that of a company that was a going concern... not one that is bankrupt. $6Bil has been set aside for this merger, which is more than the market cap of BSC on friday when it traded at $30 share.

      This is just irresponsible reporting. The building is locked up JP can acquire it even if vote does not pass, JP has the right to issue 20% of shares to itself in the event any one shareholder obtains that many shares or when vote is rejected...

      Deal is done. not a penny more. Where is the writers full disclosure? Obviously a Bear shareholder who has lost alot of money and is still in denial.
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