FIRE SALE AT BEAR STEARNS!!!
Shares of Bear Stearns were set to plummet on Monday after news broke that JPMorgan Chase (JPM: 36.54, -1.57, -4.11%) has agreed to purchase the beleaguered Wall Street icon Bear Stearns (BSC: 30.00, -27.00, -47.36%) for $236 million.
That price values Bear’s shares at $2.
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