Excerpt from: Individual Equities CFDs and Spread Bets
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| March 17, 2008 | | Spreads bets and CFDs on individual equities | Spread betting on the stock market should consider that Bear Stearns is avoiding collapse, since JPMorgan announced that it would buy the company. With the US stock market in freefall, especially in the financial sector where subprime writedowns and the credit market crisis have wreaked havoc, the move is expected to be somewhat buoying. ABC News reports on the Bear Stearns, JPMorgan deal:
JPMorgan's acquisition of Bear Stearns for the shockingly low price of
$2 per share, or $236.2 million, occurred Sunday night, in a deal that
was fast-tracked by the federal government to avoid a bankruptcy. | | |
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