JPMorgan completes takeover of Bear Stearns (Reuters)

May 31st, 2008 by excelsis

People walk past the Bear Sterns building after JPMorgan Chase  and  Co said yesterday it was buying Bear Sterns for $2 a share in New York March 17, 2008. (Chip East/Reuters)Reuters - JPMorgan Chase & Co said on Saturday it completed its $1.4 billion Bear Stearns Cos takeover, capping the demise of a Wall Street firm that survived the Depression and numerous slumps in its 85 years but could not navigate the mortgage crisis.



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