So, If you go on to Bloomberg and pull up Bear Stearns, you are told the company has been acquired. Here are the details as per SEC filing. I've bolded the "NATURE OF BID" Check it out. If this was friendly well then.....
Target:Bear Stearns Cos Inc/The BSC US Price: 9.33 USD
Industry:Finance-Invest Bnkr/Brkr SIC Code: SEC BROKER/DLR
Country:U.S.
Acquirer:JPMorgan Chase & Co JPM US Price: 42.44 USD
Industry:Finance-Invest Bnkr/Brkr SIC Code: NATL COML BANK
Country:U.S.
Announced Date: 3/16/08 Deal Amended: 3/24/08
Completion Date: 6/ 2/08 % owned: 39.50
Status: Completed % acquired: 60.50
Currency: USD
Amnd tot. value: 1286.2430 Mln Amended premium: -88.07%
Final tot. val: 1361.0338 Mln Final premium: .25%
Paym't Type: Stock Arbitrage profit:
Cash Terms: Cash Value:
Stock Terms: .217530 Aqr sh./Tgt sh. Comp Bid Prem:
Net Debt: Comp Bid Date:
Nature of Bid: Friendly Action ID:30704898
CO AMENDS OFFER FROM .0547 ACQ'R SHRS /TGT SHR (-97% PREMIUM).
% SOUGHT & OWNED BASED ON ENLARGED SHARE CAPITAL


Comments