Michigan
Mar 26, 2008
Pension scheme threat to Bear Stearns takeover
“At this juncture, based on the public record and based on the company's stock price, which continues to trade at a premium ... the $10-a-share figure remains inadequate”
JP Morgan Chase's attempted takeover of ailing Bear Stearns could be foiled by two pension schemes which yesterday revealed they were considering court action that could block progress of the takeover. via The Herald
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