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NEW YORK - Bear Stearns and JPMorgan Chase & Co. were close to an emergency buyout deal Sunday night aimed at averting further panic in the financial markets.
Top executives from both companies were in 11th-hour talks about a deal that could sell Bear Stearns for a per share price that is likely to be "considerably less" than the $30 the stock closed at Friday, according to The Wall Street Journal.
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