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JPMorgan Boosts Bid for Bear Stearns, Looks to Lock Down Deal 

Mar 24, 2008By

Confirming rumors that had swirled since late last week, JPMorgan Chase & Co. and Bear Stearns confirmed Monday morning that JPMorgan’s bidding price for Bear Stearns had more than tripled, as CEO Jamie Dimon looks to win the approval of Bear’s shareholders for the deal. Many existing shareholders, particularly Bear Stearns employees, had balked at the original $2 per share offer.

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