JPMorgan raises Bear purchase price

Date : 03/24/2008 @ 10:10AM
Source : TFN
Stock : J P Morgan Chase & Co (JPM)
Quote : 41.64  4.96 (13.52%) @ 8:00PM
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JPMorgan raises Bear purchase price

        NEW YORK (AP) - JPMorgan Chase & Co. says it will now buy Bear Stearns Cos.
for about $10 per share.
    The amended sale price is about five times larger than the initial agreement
when JPMorgan said it would buy the beleaguered investment bank for about $2 per
share.
    
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