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Industry:
Finance
Summary:
A holding company that, through its subsidiaries, is engaged in investment banking, securities and derivatives trading, and …
Primary executive:
Alan D. Schwartz,
James E. Cayne
Industry:
Finance
Biography:
On January 8, 2008, James E. Cayne notified the board of directors of The Bear Stearns Companies Inc. of his decision to …
It's over.
Any hope that there will be a deal other than J.P. Morgan Chase's $10-per-share stock offer for
Bear Stearns should now be finally dashed.
James Cayne, the chairman and former chief executive of Bear Stearns, has sold 5.6 million shares of Bear for $10.84 a share, or about $60.1 million, on Tuesday.
It's quite a comedown for a man who was a billionaire about a year ago, when Bear's stock price was near $160. He had been among Bear's largest shareholders.
The Securities and Exchange Commission filing indicates that Cayne's wife sold 45,669 Bear shares.
Any hope that there will be a deal other than J.P. Morgan Chase's $10-per-share stock offer for
Bear Stearns should now be finally dashed. James Cayne, the chairman and former chief executive of Bear Stearns, has sold 5.6 million shares of Bear for $10.84 a share, or about $60.1 million, on Tuesday.It's quite a comedown for a man who was a billionaire about a year ago, when Bear's stock price was near $160. He had been among Bear's largest shareholders.
The Securities and Exchange Commission filing indicates that Cayne's wife sold 45,669 Bear shares.
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