Tuesday, June 19, 2007

UPDATE 1-Bear Stearns offers $1.5 bln for troubled fund

(Reuters) - Negotiations to rescue the fund are continuing, and the
situation is still fluid, a person familiar with the matter
said.




The fund would pledge collateral against the $1.5 billion
from Bear Stearns, sources said.


Read more at Reuters.com Mergers News

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