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Wednesday, March 26, 2008

J.P. Morgan Raises Its Offer for Bear Stearns

Renegotiated $10 Share Price Replaces Controversial $2 Bid

By David Cho and Neil Irwin
Washington Post Staff Writers
Tuesday, March 25, 2008; Page D01

J.P. Morgan Chase yesterday increased its offer for the investment banking giant Bear Stearns by about $2 billion, putting down a shareholder revolt and all but guaranteeing that the wounded Wall Street firm would be sold before its troubles spread to the rest of the financial system ... Read the Entire Article

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