Sunday, March 16th, 2008

JPM offering $15 - $20 for BSC

JP Morgan Chase is offering to buy troubled investment bank Bear Stearns (BSC Message Board) for between $15 and $20 a share, CNBC has learned.

Jin Lee / ASSOCIATED PRESS
Bear Stearns

Bear’s board is currently meeting to discuss the proposal. A deal in principle could be announced Sunday night, although the agreement would still need shareholder approval.
Here’s […]