摩根大通收购贝尔斯登案：贝尔斯登主席凯恩出售股权套现

 

摩根大通收购贝尔斯登案：贝尔斯登主席凯恩出售股权套现

译/王易见

 

    纽约-贝尔斯登（纽约证券交易所：股票代号BSC）主席James Cayne出售了自己持有的所有股份，套现6100万美元，目前这家投资银行正处于水深火热之中。这非常接近JP摩根提高收购价的时间（有消息称正是在JP摩根宣布提高向贝尔斯登收购价格之后的第二天）。

 

    3月25日，Cayne抛售了566万股股票，每股价格为10.84美元。根据证券交易委员会的文件，当贝尔斯登股票达到171.5美元一股的时候，Cayne所持有的股票价值一度达到10亿美元。

 

    该文件于周四被披露

 

    在大约两周前，当JP摩根宣布它将以2美元一股的价格收购这家美国第五大投资银行的时候，Cayne所持有的股份价值跳水至2700美元。但因为贝尔斯登的持股者并未拒绝其余竞购者抛出的橄榄枝，随后，JP摩根宣布将收购价格提升至10美元一股，并同意收购39.5%的股份。

 

    周四，贝尔斯登首席执行官Alan Schwartz在向美国证券交易委员会提交的文件中说，贝尔斯登将在未来10天内向JP摩根出售9500万股票。他表示，这桩巨大的交易对稳定美国金融行业有非常重要的意义。

 

    另外，Schwartz说贝尔斯登有能力避开股东的意见因为股东的的意见可能对公司金融财务的稳定性有危害。大约三分之一的股份被大约14000个员工持有。

 

    Cayne，作为公司的非执行主席，说他对摩根大通并购贝尔斯登的交易非常不满意，在这家公司，他作曾作为公司首席执行官为公司服务了15年，为公司的发展呕心沥血，倾注了一生的心血。一月的时候Cayne辞去了这个职务，因为这家伟大的公司自从建立至今85年来第一次出现了亏损。

 

    有人猜测Cayne将和Joseph Lewis，一个拥有公司大约12%股份的巨富一道抵制这场交易。Lewis表示过，他将尽力阻止这场仓促的交易，因为它对贝尔斯登的价值是种严重的低估。

 

    根据上周纽约邮报的报道，两者都希望吸收其他的投资者来对抗摩根大通。

 

    Lewis的一个发言人拒绝就此事发表评论，同时摩根大通的发言人也拒绝置评。

    在周四的交易中，贝尔斯登股价上涨了2美分至11.23美元，然而，在随后的交易中下跌5美分。摩根大通的股价下跌1.25美元至42.86美元。

 

以下是源于Google Fiance的原文：

 

Bear Stearns' Cayne sells stake
March 28, 2008: 07:18 AM EST

Mar. 28, 2008 (Thomson Financial delivered by Newstex) --

NEW YORK (AP) - Bear Stearns (NYSE:BSC) Cos. Chairman James Cayne dumped his entire stake in the embattled investment bank for $61 million as it appears closer to a takeover by JPMorgan Chase (NYSE:JPM PRH) (NYSE:JPM PRX) (NYSE:JPM PRK) (NYSE:JPM PRJ) (NYSE:JPT) (NYSE:JPM) & Co.

 

Cayne sold 5.66 million shares for exactly $10.84 a share on March 25, according to a filing with the Securities and Exchange Commission. His stake was once valued at about $1 billion when the stock was trading at $171.50 per share.

 

The filing was disclosed Thursday.

 

His stake at one point plunged to about $27 million when JPMorgan announced nearly two weeks ago it would acquire the No. 5 U.S. investment bank for $2 per share. JPMorgan later upped that offer to $10 per share, and agreed to acquire 39.5 percent of the company without a shareholder vote to block any rival offers.

 

On Thursday, Bear Stearns Chief Executive Alan Schwartz said in a letter filed to the SEC that the company will issue 95 million shares to JPMorgan within the next 10 days as part of the takeover deal. He said the latest agreement was 'essential to maintaining the company's financial stability.'

In addition, Schwartz said Bear Stearns is able to bypass shareholder approval because 'securing stockholder approval would seriously jeopardize the financial viability' of the company. About one-third of the company's shares are owned by Bear Stearns' 14,000 employees.

 

Cayne, who serves as non-executive chairman, was said to be unhappy about the deal struck to sell the company he worked at for most of his life. He served as chief executive for 15 years until January, when he stepped down after Bear Stearns announced its first loss since being founded 85 years ago.

 

There has been some speculation that Cayne might join forces with Joseph Lewis, a billionaire financier who owns about 12 percent of the company. Lewis has expressed his interest in blocking a deal many considered to be hastily arranged, and one which severely undervalues Bear Stearns.

 

Both have recently tried to recruit investors to counter the JPMorgan offer, according to a report in the New York Post last week.

 

A spokesman for Lewis could not be reached for comment. And, spokesmen for JPMorgan and Bear Stearns declined to comment.

 

Bear Stearns shares rose 2 cents to $11.23 in trading Thursday. However, the stock fell more than 5 percent in after-hours trading. JPMorgan shares fell $1.25 to $42.86.

Copyright 2008 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

原文地址：http://money.cnn.com/news/newsfeeds/articles/newstex/AFX-0013-24090735.htm

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