Bear Stearns Protection Sellers Scoop Up Shares To Protect Plays

20 Mar 2008

Some hedge funds that sold protection on Bear Stearns two weeks ago spent early last week buying up shares of the company in an effort to gather voting rights and ensure the merger with JPMorgan goes through.

Some hedge funds that sold protection on Bear Stearns two weeks ago spent early last week buying up shares of the company in an effort to gather voting rights and ensure the merger with JPMorgan goes through. Hedge funds that sold protection on Bear Stearns when spreads reached ...

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