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Investment Banks, Hedge Funds, and Private Equity
book

Investment Banks, Hedge Funds, and Private Equity

by David Stowell
February 2010
Intermediate to advanced
592 pages
19h 56m
English
Academic Press
Content preview from Investment Banks, Hedge Funds, and Private Equity

Investment Banking in 2008 (B)

A Brave New World

The Aftermath of Bear Stearns

Furious Bear Stearns shareholders found a loophole in the hastily arranged merger documents. In the rush to consummate the deal, JP Morgan had accidentally agreed to honor Bear’s trades for up to a year irrespective of shareholder approval of the merger. This oversight created the terrifying specter of Morgan failing to acquire Bear but nonetheless remaining on the hook for billions in potential losses from Bear trades gone awry. Holding negotiating leverage for the first time since the crisis began, newly minted Bear CEO Alan Schwartz pushed JP Morgan CEO James Dimon to up the final offer price from $2. In the ensuing week-long fracas, Bear once again appeared headed ...

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Publisher Resources

ISBN: 9780123745033