JP Morgan eyes Bear Energy prize

Following JP Morgan's planned $10 per share acquisition of Bear Stearns and its subsequent move to secure the trading obligations of Bear's Houston-based subsidiary Bear Energy, the investment bank looks set to bolster the ambitious commodity expansion programme it launched in 2007.

Bear Energy is a physical gas and power business employing around 220 professionals, created in a joint venture between Calpine and Bear Stearns in 2005. The company serves as an intermediary, providing services to

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