As the market increasingly worried if bear cannot find buyers before Monday morning, the market is bearish sentiment will further spread of the Bear Stearns Companies Sunday afternoon close themselves sold to JP Morgan company transactions.
Some analysts say, Morgan and the Fed's latest measures can save market, remains in doubt, market worries more large financial institutions, in a similar predicament of Bear Stearns, if that's the case, the United States financial might encounter systemic crisis, the dollar will be faster.
The Wall Street Journal reported that insider, negotiating efforts in Asian financial markets on Monday before the opening. United States Treasury Department spokesman Mitchell · Davis Sunday afternoon that transaction to reach the last moment before in order to determine, but she thinks that the Parties expected transaction is expected to reach at some point in the evening.
The terms of the agreement still agreed on Sunday afternoon, although informed sources said that bear the price may be fixed at 22 billion, that is slightly lower than the $ 20 per share.
Last Friday was coming out in Bear Stearns liquidity crisis, the Fed's emergency financing, New York branch, and Morgan announced to bear Stearns offers 28-day emergency financing, raising new concerns about the subprime mortgage crisis, the US dollar so sharply
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