Opportunistic Deal of the Week - What a deal? - 7 cents on the dollar - Bear Stearns Crisis Averted With Acquisition
JPMorgan is buying Bear Stearns for the price that non-performing 2nd liens (notes) and HELOC portfolios are trading for. Incredible! And the fed is helping make it happen. Sweet deal!
JPMorgan is acquiring Bear Stearns at a huge discount of $2 per share. On Friday the stock closed at $30 per share.Bear Stearns Crisis Averted With Acquisition
Anybody else have a billion dollar company that they are looking to sell for 7 cents on the dollar? I have buyers for opportunistic investments!
Tags: non-performingnotes, discounted properties, distressed assets, bear sterns, JPMorgan, distressed companies, discounted assets, NPL, REOs, illiquid assets, opportunistic investments, vulture investing, pennies on the dollar, opportunistic investment,
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