"Bear Stearns shareholders are all but certain to approve the sale of the securities firm to JPMorgan in a vote Thursday morning. Bear will most likely be immediately merged out of existence as a public company. The Bear Stearns name will all but disappear, according to a report in Crains New York. To avoid the appearance of grave-dancing, J.P. Morgan will wait several weeks before etching its name on Bears headquarters on Madison Avenue, Crains said.
The Deal Professor takes the opportunity to consider what Bears downfall says about moral hazard, systemic risk and corporate governance."
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[Source: FinanceProfessor.com]
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