Friday, June 22, 2007

UPDATE 2-Bear Stearns bails out hedge fund

(Reuters) - By Dan Wilchins



NEW YORK, June 22 - Bear Stearns Cos. Inc. on Friday said it would provide up to $3.2 billion in financing for a struggling hedge fund it manages, but sources said a second fund is still working out a restructuring plan with creditors.


Read more at Reuters.com Mergers News

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