1.0 link 93007 <![CDATA[JPMorgan Raises Bear Purchase Price]]> http://www.huffingtonpost.com/2008/03/24/jpmorgan-raises-bear-purc_n_93007.html NEW YORK &mdash; JPMorgan Chase & Co.'s higher offer for Bear Stearns on Monday gave the investment bank control of nearly 40 percent of its ailing rival, blunting the threat that angry shareholders could scuttle the deal.

The $2.4 billion lifeline to rescue the investment house stands a strong chance of success _ assuaging investors unhappy with a $2 per share offer by upping it to $10 apiece. JPMorgan has faced an outcry among Bear Stearns shareholders about the lowball offer,...

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