It’s a sad day but we’ll get through it, and we may be better off for it… The company that is taking us over, or is merging with us, is a first-class company… That which doesn’t kill you makes you stronger. By now we all must be Hercules… We ran into a hurricane… There’s no anger; there’s simply remorse.
Alan Schwartz, Bear Stearns CEO- Jimmy Cayne speaking at the shareholder meeting which finalised and formalised - the takeover of Bear Stearns by JP Morgan moments ago. The deal is due to close tomorrow.
$2 then up to $10. Who will ever know what you were really worth. When your are down you are down and nobody will give a helping hand. Dog eat dog. JPM next.
Farewell
It was Jimmy Cayne who said that according to DB http://dealbreaker.com/2008/05/bear_stearns_shareholder_meeting_jp_morgan-jimmy_cayne_jamie_dimon_acquisition_approved.php
[…] Just posted in the Financial Times Alphaville blog: “It’s a sad day but we’ll get through it, and we may be better off for it… The company that is taking us over, or is merging with us, is a first-class company… That which doesn’t kill you makes you stronger. By now we all must be Hercules… We ran into a hurricane… There’s no anger; there’s simply remorse.” […]