So, we know today that JPMorgan has offered to acquire BS for $2 per share.
That is (round numbers, here) about $250M dollars, so I assume there's
about
125M outstanding shares.
(I think we can safely say that there aren't any BS shareholders who feel
"bailed out.")
At any rate, CNBC is re****ting that JPM has escrowed 6B for legal expenses
for the expected lawsuits. So, they've escrowed enough money so if they
plowed that back into the deal, paying 6B 250M for BS, they could be
offering $50 a share?
Seems like the stockholders would sign away their right to litigate rather
quickly.......
JG
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