Results tagged “Renegotiations” from Dealbreaker
YOUR SEARCH
JP Morgan's Guarantee Wasn't A Misstep
Posted in Bear Stearns, JPMorganChase, Mar 25, 2008, 8:49am
Posted by John Carney
Did JP Morgan Chase inadvertently include an overbroad guaranty in its deal to acquire Bear Stearns? That's what unnamed sources were telling journalists over the weekend. The idea was that the rushed preparation of the documentation had led JP Morgan...
There Is No Such 40% Rule In Delaware
And It’s a Good Thing For Bear Shareholders Too
Posted in Bear Stearns, JPMorganChase, Mar 24, 2008, 4:07pm
Posted by John Carney
Despite reports to the contrary on CNBC and the New York Times, there is no precedent in Delaware law that allows a company to sell up to 40 percent of their shares without shareholder approval. Rather, there is a rule-of-thumb...
Why The Bear Stearns Deal Is Being Renegotiated: The JP Morgan Guarantee Wasn’t Working
Bear Stearns Faced A Second Run-On-The-Bank As Counter-Parties Feared Deal Would Fall Apart
Posted in Bear Stearns, JPMorganChase, Mar 24, 2008, 3:35pm
Posted by John Carney
The guarantee of Bear Stearns’ liabilities from JP Morgan Chase wasn’t working. Although the banking giant had put its “full faith and credit” behind Bear’s liabilities, some of Bear’s largest customers were refusing to do business with it. Counter-parties were...
