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Docs reveal more about JP Morgan-Bear Stearns deal
JP Morgan filed its registration statement with the SEC last week, and the New York Times' Deal Professor offers an in-depth rundown. The filing makes more information available about exactly what went down. It makes clear, among other things, that the government really was in the driver's seat, making the main calls that determined whether Bear could go it alone, and determined who would buy the company. J.C. Flowers had no chance, given the lack of Fed support. Lazard, which was advising the Bear Stearns board, might have found other interested parties if it had more time, apparently.
For more:
- here's the New York Times item
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