Reuters: JPMorgan raises Bear Stearns bid, grabs stake

[chris]

JPMorgan raises Bear Stearns bid, grabs stake
      

NEW YORK (Reuters) - JPMorgan Chase & Co raised its takeover offer for Bear Stearns Cos on Monday to about five times its original bid and struck a deal to buy nearly 40 percent of the bank, all but locking up the controversial acquisition.
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