JPMorgan got final approval from Bear, Stearns & Co. shareholders yesterday to complete the deal that will end the reign of the 85-year old investment bank, bringing to the forefront questions about employee retention that have swirled in the muni market since March when the bailout of Bear first came to light.

The deal cleared the final hurdle yesterday as 84% of Bear shareholders voted to approve the sale to JPMorgan and shutter what was once the fifth-largest U.S. investment bank.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.