BUSINESS
03/28/2008 02:45 am ET Updated May 25, 2011

Bear Stearns May Become Takeover Target

Bear Stearns Cos Inc's (BSC.N) management shake-up could make the investment bank a takeover target, but the possibility of more write-downs and chance of legal entanglements from the subprime mortgage crisis could sideline suitors for now, analysts said on Tuesday.

Bear Stearns' president Alan Schwartz on Tuesday became the company's new chief executive, replacing James Cayne, who was under fire for the company's big mortgage losses and the collapse of two hedge funds.

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