BUSINESS

Barron's: Bear Stearns Could Get Higher JPMorgan Bid

03/31/2008 05:12 am ET | Updated May 25, 2011

Bear Stearns Cos (BSC.N: Quote, Profile, Research) could fetch a higher takeover bid from JPMorgan Chase & Co (JPM.N: Quote, Profile, Research), and at $6 its shares constitute a "reasonable speculative bet" that one will be forthcoming, Barron's said in in March 24 edition.

On March 16, the stricken Bear agreed to a $236 million all-stock buyout by JPMorgan, valuing the company at about $2 per share. That value has since risen to about $2.52 per share because JPMorgan stock has since risen.

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