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Archive Home > 2008 > May > 30 > Shareholders approve Bear Stearns buyout

Shareholders approve Bear Stearns buyout


May 30, 2008

NEW YORK — Bear Stearns Cos. shareholders on Thursday approved JPMorgan Chase & Co.’s $2.2 billion buyout of the investment bank whose wagers on subprime mortgages made it the largest corporate casualty of the global credit crisis. Bear Stearns officially becomes part of....

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