Bear Stearns Agrees to JPMorgan Purchase

Skadden represented The Bear Stearns Companies Inc. in its approximately $270 million acquisition by JPMorgan Chase & Co., a deal that includes the New York building that served as Bear Stearns' headquarters. Bear Stearns faced potential collapse as a result of its investments in subprime mortgages. The Federal Reserve is also providing financing and funding in connection with this transaction.