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Saturday May 10

Bear Stearns investors drop bid to block buyout

“We think that monetary recovery is all that is really available to the Bear stockholders at the end of the day.”

Bear Stearns Cos Inc shareholders suing over the planned JPMorgan Chase & Co. takeover are dropping efforts to block the deal but will seek damages of at least $2.8 billion, an attorney for the plaintiffs said ... via Earth Times

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