Amusing Financial Quoatation: Bear Stearns Shareholders
From the ever indispensable Steven Davidoff (on May 9th):
According to the latest filings with the Securities and Exchange Commission, JPMorgan now owns 49.43 percent of Bear Stearns, and so a “yes” vote to approve the combination is a virtual certainty.
I just can’t believe that 0.57 percent of Bear’s shareholders don’t vote yes for whatever reason, including just simple confusion. And the broker votes may even have the bravery to go JPMorgan’s way. Game over for Bear.
Update: Some weirdness with the URL and title. Probably from editing in multiple places. Sorry.