Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Thursday, May 29, 2008

Bear Shareholders Approve JPMorgan Chase Merger

Bear Stearns shareholders approved the merger of the company into JP Morgan Chase for $1.4 million in a brief shareholders meeting.  Bear CEO James Cayne apologized to the shareholders and said that Bear ran into "a hurricane."  WSJ, Bear's Final Moment: An Apology and No Lack of Ire.

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