The news that global investment banking and brokerage firm Bear Stearns has been acquired by JPMorgan will go down the memory lane exactly the same way as we remember debacle of Barings Bank in 1995 and Societe General more recently (I believe no one remembers them).
Bear Stearns was sold at a valuation of US$2 per share against market price of US$30 per share. It replicates the situation when .....
... read the rest of this article at the source: Bear Stearns: Indian Connection
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