Quote:
Originally Posted by Masked
It will probably go through because $2/share is better than nothing. BS essentially can no longer operate. If BS becomes insolvent, then the shareholders would get nothing.
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I get that but what I don't get is this.
I am sure there are other financial institutions (domestic and/or overseas) that would have paid more for the $1B NY building alone?
This looks as if the Government basically handed BS to JP without allowing a competitive bid. From a layman, it would have been better for the Government to take it over (ala S & L in the early 90s) and then sell it at a better price?
I wonder if this means BS stock price will go down to approx $2 Monday?