Morning Rumor II: Bear Stearns (BSC) And Fortress Investments Talked Merger

Posted: January 10, 2008 at 6:19 am

Bear Stearns (BSC) held preliminary talks with Fortress Investments, a listed alternative asset management firm, regarding a possible combination in the weeks before Jimmy Cayne stepped down as chief executive, according to the FT.

It turns out that no one at Fortress plays bridge and talks fell apart.

Douglas A. McIntyre

Read more: Mergers and Buy Outs,