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Reuters: Bear bid a "high risk" deal: Punk Ziegel's Bove

Started by chris, March 25, 2008, 12:01:03 PM

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chris

Bear bid a "high risk" deal: Punk Ziegel's Bove
      


(Reuters) - JPMorgan Chase & Co's  revised takeover offer for Bear Stearns Cos Inc  is a "high risk transaction," Punk Ziegel analyst Richard Bove said on Tuesday, a day after JPMorgan boosted its all-stock offer for Bear five-fold to about $10 a share.
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