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Program Reference

 

Forum Survey: NYSSA Member Interest in Bear Stearns Acquisition Terms

 

(May 8, 2008)

 

 

For the agenda of the referenced Forum meeting to be hosted by NYSSA, see

 

Forum Survey

 

NYSSA Member Interest in Bear Stearns Acquisition Terms

May 8, 2008 Survey

 

            Following are the questions and responses, as percentages of total answers, in a survey of members of the New York Society of Security Analysts (“NYSSA”).  The survey was initiated by email shortly before noon on May 8, 2008, distributed to a sampling of NYSSA members requesting an anonymous “2 minute” response on a linked web site “to better understand your interest” in the proposed JPMorgan acquisition of Bear Stearns.  There had been no previous NYSSA reports to members, either by email or on its web site, relating to the Shareholder Forum program or its planned May 14 open meeting to address the Bear Stearns situation, and the reference to the meeting in the survey request was limited to the request for feedback “so that we will be able to use your input in our planning.”

 

1. Do you have an investment interest in either of these companies, as an existing or prospective holder of its stock?

 

Yes

No

Bear Stearns (NYSE:BSC)

29.5%

64.8%

JPMorgan Chase (NYSE:JPM)

45.5%

50.0%

2. Do you have a professional research interest in the securities of either of these companies?

 

Yes

No

Bear Stearns

44.3%

53.4%

JPMorgan Chase

47.7%

50.0%

3. Would you like to see alternative terms for JP Morgan’s acquisition of Bear Stearns?

Yes

No

Indifferent

42.05%

20.45%

37.50%

4. Would you want to be informed of proposals for alternative terms that may be considered by JPMorgan or by a court resolving shareholder litigation?

Yes

No

Indifferent

68.18%

13.64%

18.18%

5. Would you want to participate in the process of defining proposed alternative terms?

Yes

No

Indifferent

21.59%

55.68%

22.73%

 

 

 

 

 

This Forum program is open, free of charge, to all shareholders of The Bear Stearns Companies, Inc. ("BSC") and to any fiduciaries or professionals concerned with their investment decisions.  Its purpose is to provide shareholders with access to information and a free exchange of views on issues relating to their evaluations of alternatives, addressing issues described in the Forum Summary.

As stated in the posted Conditions of Participation, all Forum participants are expected to make independent use of information obtained through the Forum, subject to the privacy rights of other participants.  It is a Forum rule that participants will not be identified or quoted without their explicit permission.

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The information provided to Forum participants is intended for their private reference, and permission has not been granted for the republishing of any copyrighted material. The material presented on this web site is the responsibility of Gary Lutin, as chairman of the Shareholder Forum.