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Company Statement: Bear Stearns completes share exchange transaction with JPMorgan Chase

( April 8, 2008, 22:59 GMT | Official Statement) -- ****************************************New York—April 8, 2008—The Bear Stearns Companies Inc. (NYSE: BSC) announced today that the previously announced share exchange between JPMorgan Chase & Co. and Bear Stearns has been completed. Pursuant to the terms of the share exchange agreement between the parties, on April 8, 2008, JPMorgan Chase purchased 95 million newly issued shares of Bear Stearns common stock, or 39.5% of the outstanding Bear Stearns common stock after giving effect to the issuance, in exchange for 20,665,350 shares of JPMorgan Chase common stock....

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