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IPFS News Link • Federal Reserve

JP Morgan Chase Buys Bear Stearns For $2.00 a Share

• Bloomberg.com
The deal values New York-based Bear Stearns, with 14,000 employees, at $2 a share, compared with $30 at the close on March 14. The central bank will provide financing for the transaction, including support for as much as $30 billion....

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