JPMorgan Finds Bear's Building Is Worth Six Times Company

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• March 17, 2008
• 

  JPMorgan Finds Bear's Building Is Worth Six Times Company

  Posted: March 17th, 2008, 9:22pm

  JPMorgan Chase & Co.'s $240 million buyout of Bear Stearns includes a 6-year-old midtown Manhattan tower worth $1.5 billion. Bear's 45-story HQ at 383 Madison sits across 47th St. from JPMorgan's building, has underground access to Grand Central Station, where 700K commuters pass every day, and has an octagonal tower, giving it eight corner offices