January 8, 2008

Bear Stearns may become takeover target amid unrest (Reuters)

A sign of above the entrance to Bear Stearns headquarters is seen in New York Tuesday, Jan. 8, 2008.  Shares of Bear Stearns & Co. rose in premarket trading amid reports Chief Executive James Cayne is stepping down.  (AP Photo/Jin Lee)Reuters – Bear Stearns Cos Inc’s management
shake-up could make the investment bank a takeover target, but
the possibility of more write-downs and chance of legal
entanglements from the subprime mortgage crisis could sideline
suitors for now, analysts said on Tuesday.

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