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J.P. Morgan to offer Bear bankers incentive

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Published March 20, 2008 at 2:33 PM
J.P. Morgan Chase & Co. apparently is going to give bonuses to Bear Stearns Cos. bankers that decide to stay through the takeover, Reuters reports. The bonuses will include J.P. Morgan shares, which are trading at $44 a share. It's not exactly sweetening the deal for Bear Stearns employees, but it is something. Employees own about 30% of the company's shares. Bear Stearns stock was trading at $61 on March 13, exactly one week ago. - Maria Woehr

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