{"id":7370,"date":"2008-03-24T00:00:00","date_gmt":"2008-03-24T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"bear-stearns-rises-on-report-of-higher-jpmorgan-bid","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2008\/bear-stearns-rises-on-report-of-higher-jpmorgan-bid.html","title":{"rendered":"Bear Stearns Rises on Report of Higher JPMorgan Bid"},"content":{"rendered":"<p>BLOOMBERG- Bear Stearns Cos. surged more than 50 percent in early trading in New York after the New York Times reported that JP Morgan Chase &amp; Co. may quintuple its takeover offer for Bear Stearns Cos. to more than $1 billion in an effort to win support from employees and shareholders opposed to the deal.     <\/p>\n<p>Bear Stearns rose $3.74 to $9.70 at 8:05 a.m. in New York. JPMorgan is in talks to raise its all-stock bid to $10 a share from $2, the Times said today, citing unnamed people involved in the negotiations. The Federal Reserve, which helped engineer the takeover after customer withdrawals crippled the New York-based firm, is uncomfortable with any plan that might be perceived as an investor bailout, the report said.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&#038;sid=a2Imv_OnaxkE&#038;refer=home\" target=\"_self\">Read Complete Article&nbsp;<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BLOOMBERG- Bear Stearns Cos. surged more than 50 percent in early trading in New York after the New York Times reported that JP Morgan Chase &amp; Co. may quintuple its takeover offer for Bear Stearns Cos. to more than $1 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7370","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7370","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=7370"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7370\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}