Saving Private "Bear Stearns" is $ 2 per share, acquired Morgan.

<P> 17 JPMorgan Chase announced the acquisition of Bear Stearns. .According to informed sources, the transaction has been unanimously adopted by both the Board. .The transaction will be convertible form. .Every 0.05473 shares of JP Morgan Chase JPMorgan Chase is available common shares of Bear Stearns shares an exchange. .On March 15, 2008 closing price, the transaction is about $ 2 per share. .</ P> <P> It http://finance. Hearing, from now on, JP Morgan Chase of Bear Stearns and its subsidiaries responsible for providing security of transactions and operations for the latter to provide management and supervision. .In addition to required to obtain shareholder approval, the completion of the transaction are no other significant conditions. .Will accelerate the completion of the transaction, expected in 2008 completed by the end of the second quarter. .The transaction has received the Federal Reserve, the U.S. Comptroller of the Currency (OCC) and other federal agencies all the necessary approval. .In addition to the Fed through its discount window to provide normal financing, the Fed will provide special financing for this transaction. .Bear Stearns, the Fed agreed to the difficulty of liquid assets to provide up to 300 billion dollars in financing. .</ P> <P> Dimon, chairman and CEO of JP Morgan Chase said Bear Stearns, JP Morgan Chase to provide guarantees counterparty risk, for which Bear Stearns's clients and counterparties should feel at ease. .Bear Stearns also welcome customers, counterparties and employees to join JP Morgan. .For this transaction, Jamie said that in the long run, the transaction is JP Morgan shareholders will be good value. .The acquisition is consistent with the key criteria JP Morgan Chase, which bear a reasonable risk. .JP Morgan Chase has been made of possible errors in the preparation of appropriate. .JP Morgan believes that this transaction will ultimately improve the profitability of each of JP Morgan Chase. .</ P> <P> Schwartz, president and CEO of Bear Stearns that the past week, Bear Stearns had a very difficult period. .From the current environment, in terms of the transaction the parties are the best results. .</ P>.