This is fascinating!!!! Did not think of this angle. Thanks goes to Doug.
http://dailybriefing.blogs.fortune.cnn.com/2008/03/18/why-bear-stearns-stock-is-in-orbit/?source=yahoo_quote
Why is Bear Stearns (BSC) up nearly 70% Tuesday, to a price about $6 a share above its $2-a-share buyout agreement with JPMorgan Chase (JPM)? Two groups are piling into the company’s stock so they can vote in favor of the deal, a trading source tells Fortune’s Roddy Boyd.
Man, pass the popcorn. The street fight just started.
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