Skadden and Wachtell seal Bear Stearns buyout

March 18, 2008 Skadden Arps Slate Meagher & Flom and Wachtell Lipton Rosen & Katz have scooped lead roles on JPMorgan Chase's acquisition of troubled investment bank Bear Stearns. Skadden partner Peter Atkins is leading the team advising beleagured bank Bear, while Wachtell partners Edward Herlihy and Nicholas Demmo are leading the team advising JPMorgan on its $236m acquisition.

The deal comes after JPMorgan funded emergency loans to the bank on Friday (14 March) in an attempt to rescue the ailing bank.

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