Thursday, May 29, 2008

Bears Last Day on Earth - Mergers, Acquisitions, Venture Capital, Hedge Funds -- DealBook - New York Times

Bears Last Day on Earth - Mergers, Acquisitions, Venture Capital, Hedge Funds -- DealBook - New York Times:
"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 Crain’s New York. To avoid the appearance of grave-dancing, J.P. Morgan will wait several weeks before etching its name on Bear’s headquarters on Madison Avenue, Crain’s said.

The Deal Professor takes the opportunity to consider what Bear’s downfall says about moral hazard, systemic risk and corporate governance."

1 comment:

green thinking said...

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