Hi hobbers,

I have a sense the 70% premium was done to appease the heavy weight share holders as we saw how the disgruntled Bear Stearns shareholders reacted to JPM proposed buy out at $2 per share back in March.

As for Lehman, I guess we now know why they decided to issue an unusual mid year employee bonus this year. It's it kind of difficult to feel sorry for bankers who loose their high paying jobs when they pull that kind of stunt.