Bear Stearns acquisition from "summary" of Too Big to Fail by Andrew Ross Sorkin
In the tumult of the financial crisis, the acquisition of Bear Stearns was a seismic event that sent shockwaves through Wall Street and beyond. The deal was brokered at breakneck speed over a single weekend, with government officials and industry titans working frantically to prevent the venerable investment bank from collapsing entirely. The situation at Bear Stearns had deteriorated rapidly, as rumors of its impending demise led to a run on the bank. With its stock price plummeting and its liquidity drying up, the firm stood on the brink of insolvency. The Federal Reserve and the Treasury Department, recognizing the systemic risk posed by a Bear Stearns failure, intervened to orchestrate a rescue plan. Under the terms of the deal, JPMorgan Chase agreed to acquire Bear Stearns for a fraction of its market value, with the government providing financ...
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