Sale Price Reflects the Depth of Bear’s Problems - New York Times

<font style="font-size:85%;font-family:arial, sans-serif;"><br><div style="padding-top:0.8em;"><img alt="" height="1" width="1"></div><div class="lh"><table border="0" align="right" cellspacing="0" style="font-size:100%;font-family:arial, sans-serif;"><tr><td width="80" align="center" style="padding-left:6px;" valign="top"><a rel="nofollow" target="_blank" href="http://news.google.com/news/url?sa=T&ct=us/0-0i-0&fd=R&url=http://southernledger.com/ap/110351/Asian_Stocks_Tumble_on_Bear_Stearns_News&cid=1142370850&ei=lWveR6LDJoGgqgO6x_y0Aw"><img src="http://news.google.com/news?imgefp=dlTuFr7FEFAJ&imgurl=southernledger.com/images_ap/225c14b9-8064-488b-99bd-3f1fc50e5f2f-006eb77d-488a-4f99-bce8-314d24605121.jpg" width="53" height="80" alt="" border="1"><br><font size="-2">The Southern Ledger</font></a></td></tr></table><a rel="nofollow" target="_blank" href="http://news.google.com/news/url?sa=T&ct=us/0-0-0&fd=R&url=http://www.nytimes.com/2008/03/17/business/17cnd-bear.html%3Fref%3Dbusiness&cid=1142370850&ei=lWveR6LDJoGgqgO6x_y0Aw"><b>Sale Price Reflects the Depth of Bear’s Problems</b></a><br><font size="-1"><b><font color="#6f6f6f">New York Times -</font> 36 minutes ago</b></font><br><font size="-1">By ANDREW ROSS SORKIN In a shocking deal reached on Sunday to save Bear Stearns, JPMorgan Chase agreed to pay a mere $2 a share to buy all of Bear - less than one-tenth the firm’s market price on Friday.</font><br><font size="-1"><a rel="nofollow" target="_blank" href="http://news.google.com/news/url?sa=T&ct=us/0-0-1&fd=R&url=http://www.marketwatch.com/news/story/fresh-pain-europes-banks-bear/story.aspx%3Fguid%3D%257B7A6E26BD-8441-4F04-BDFD-3383D46BE24A%257D%26dist%3Dhplatest&cid=1142370850&ei=lWveR6LDJoGgqgO6x_y0Aw">Fresh pain for Europe's banks on Bear Stearns news</a> <font size="-1" color="#6f6f6f"> MarketWatch</font></font><br><font size="-1"><a rel="nofollow" target="_blank" href="http://news.google.com/news/url?sa=T&ct=us/0-0-2&fd=R&url=http://money.cnn.com/news/newsfeeds/articles/djf500/200803170716DOWJONESDJONLINE000289_FORTUNE5.htm&cid=1142370850&ei=lWveR6LDJoGgqgO6x_y0Aw">AT A GLANCE:JPMorgan Chase To Buy Bear Stearns For $2/Share</a> <font size="-1" color="#6f6f6f"> CNNMoney.com</font></font><br><font size="-1" class="p"><a rel="nofollow" target="_blank" href="http://news.google.com/news/url?sa=T&ct=us/0-0-3&fd=R&url=http://www.chron.com/disp/story.mpl/ap/fn/5625050.html&cid=1142370850&ei=lWveR6LDJoGgqgO6x_y0Aw"> Houston Chronicle</a>  - <a rel="nofollow" target="_blank" href="http://news.google.com/news/url?sa=T&ct=us/0-0-4&fd=R&url=http://www.forbes.com/markets/2008/03/17/briefing-europe-bear-markets-equity-cx_vr_0317markets05.html&cid=1142370850&ei=lWveR6LDJoGgqgO6x_y0Aw"> Forbes</a>  - <a rel="nofollow" target="_blank" href="http://news.google.com/news/url?sa=T&ct=us/0-0-5&fd=R&url=http://blogs.reuters.com/reuters-dealzone/2008/03/17/anger-relief-worry-for-bear-stearns-asia-staff/&cid=1142370850&ei=lWveR6LDJoGgqgO6x_y0Aw"> Reuters</a>  - <a rel="nofollow" target="_blank" href="http://news.google.com/news/url?sa=T&ct=us/0-0-6&fd=R&url=http://www.businessweek.com/ap/financialnews/D8VF4TMG0.htm&cid=1142370850&ei=lWveR6LDJoGgqgO6x_y0Aw"> BusinessWeek</a></font><br/><font class="p" size="-1"><a rel="nofollow" class="p" target="_blank" href="http://news.google.com/news?oe=utf8&ie=malware&hl=en&ncl=1142370850"><b>all 4,612 news articles</b></a></font><br clear="all"> </div></font>