Losers and Gainers of Bear Stearns

[Coffee76]

I found a list of the top bag holders of the BSC stock.

Trading: Forex, Stocks, Options: Breaking Stock News: Bear Stearns

[Airelon]

There are a lot of rich folks holding that bag.

That, will be a day to remember for decades to come.

[Fredledingue]

I don't understqnd why poeple are still buying BSC shares for $6.50+...
Any idea?

[Novice Investing]

Originally Posted by Fredledingue

I don't understqnd why poeple are still buying BSC shares for $6.50+...
Any idea?

Perhaps, part of it denial. Perhaps, it is Bear employees who buy up all the stocks and then vote AGAINST the merger valued at such a ridiculously low price. Perhaps, it is that big shareholders accumulating stocks in BSC to save their investment values. Also, if the merger broke, JPM has the right to buy 20% of BSC stock at $ 2 per share, leaving 80% with a potentially much higher price.

[Fredledingue]

Perhaps, another bank is buying stocks to prepare for a counter-offer.
$2 was a closed-door emergency deal done on a sunday night.
It's possible that now that it's publicaly known that BSC is for sale other bidders will show up.
But that would be very risky because because it's like they have decided everything already, with Fed aproval, it's unlikely that a court ruled against it.
But everything is possible.

[oldstocks]

I think its speculation to leverage a shareholder stand against the buyout. Not with my money!

[Novice Investing]

Hey, now JPM raises its offer to $ 10 per share. What a turnaround. BSC shares is currently trading above $ 10 per share takeover price. However, it would be too much to expect higher counter-bid in the horizon.

[Fredledingue]

That shows how irrational the world of finances has become.
BSC has been the victim of a short term panic and that the company is worth something more than the forced sale price.