8-K/AAcquisitions & DispositionsExhibits & Filings

JPMORGAN CHASE & CO 8-K/A Report, Acquisition Completed (Jun 6, 2008)

Filed June 6, 2008For Securities:JPMJPM-PCJPM-PDJPM-PKJPM-PLJPM-PMJPM-PJAMJBVYLD

Summary

This Form 8-K/A is an amendment to a prior filing, primarily serving to correct an item number and to formally incorporate by reference the financial statements and pro forma information related to the acquisition of The Bear Stearns Companies Inc. The core event reported is the completion of the merger between a wholly-owned subsidiary of JPMorgan Chase and Bear Stearns on May 30, 2008, with Bear Stearns continuing as a subsidiary. This filing is significant as it formally includes the financial details of the acquired entity, Bear Stearns. Investors can find detailed financial statements, including balance sheets, income statements, and cash flow information, for Bear Stearns as of November 30, 2007, and for preceding periods. It also includes pro forma combined financial information reflecting the merger's impact. The incorporation of these documents provides crucial insights into the financial health and operational scale of the combined entity following this major acquisition, particularly noteworthy in the context of the 2008 financial crisis.

Key Highlights

  • 1JPMorgan Chase & Co. has completed its acquisition of The Bear Stearns Companies Inc. via a merger, effective May 30, 2008.
  • 2This filing formally incorporates by reference the financial statements of Bear Stearns, including audited statements as of November 30, 2007, and unaudited statements for recent periods.
  • 3The filing also includes pro forma combined financial information for the three months ended March 31, 2008, and the year ended December 31, 2007, offering a look at the combined entity's financial picture.
  • 4The incorporated financial statements of Bear Stearns include reports from its independent auditors, which contain explanatory paragraphs referencing substantial doubt about Bear Stearns' ability to continue as a going concern prior to the acquisition.
  • 5This amended 8-K corrects a previous filing's item number and ensures all necessary financial documentation related to the Bear Stearns acquisition is officially part of the public record.
  • 6The inclusion of these financial statements and pro forma data is critical for investors to assess the full financial implications and integration of Bear Stearns into JPMorgan Chase.

Frequently Asked Questions

This filing is an amendment to a previous Form 8-K. Its main purposes are to correct the item number under which information was originally reported and to formally incorporate by reference the financial statements and pro forma financial information related to the acquisition of The Bear Stearns Companies Inc.

This filing incorporates by reference the Consolidated Financial Statements of The Bear Stearns Companies Inc. (as of Nov 30, 2007, and prior periods), historical financial statement schedules (Parent Company Only), Unaudited Condensed Consolidated Financial Statements (for periods ending Feb 29, 2008, and Feb 28, 2007), and Unaudited pro forma combined financial information (for the three months ended Mar 31, 2008, and year ended Dec 31, 2007).

Yes, the reports of Bear Stearns' independent registered public accounting firms included in the incorporated financial statements contain explanatory paragraphs that refer to substantial doubt about Bear Stearns' ability to continue as a going concern. This was a significant factor leading up to its acquisition.

The merger between a wholly-owned subsidiary of JPMorgan Chase & Co. and The Bear Stearns Companies Inc. was completed on May 30, 2008.