What will happen to my bear stearns shares after jpm deal?

Question

hiii , i'm wondering what will happen to my bear stearns shares after the purchase by jpm , i already own 100 shares and now jpm buy bsc ?? so what will happen to my shares ???

thanks

Answer 1

Your Bear Sterns shares no longer exist. They were converted to JPM shares yesterday, 6/2/08.

The conversion rate was 0.21753 to one, so you now own 21 shares of JPM stock.