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ETF News

JPMorgan raises Bear Stearns bid to $10/share

NEW YORK, March 24 (Reuters) - JPMorgan Chase & Co JPM.N said on Monday that it raised its all-stock offer for Bear Stearns Cos BSC.N to about $10 a share from $2.

Under the revised terms of the deal, each share of Bear Stearns common stock will be exchanged for 0.21753 shares of JPMorgan common stock. (Reporting by Chris Reiter; editing by John Wallace)

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