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Monday, March 17, 2008

Bear Stearns historical graph

JPMorgan Chase said Sunday it will acquire rival Bear Stearns for a bargain-basement $236.2 million _ or $2 a share _ a stunning collapse for one of the world's largest and most storied investment banks. The last-minute buyout was aimed at averting a Bear Stearns bankruptcy and a spreading crisis of confidence in the global financial system

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