Legal Commentary

Details here.  All the hullabaloo -- discussed here and here -- has died down.  Why?

The deal's approval comes as no surprise -- since offering to take over the firm two-and-a-half months ago at the behest of the U.S. government, JPMorgan Chase & Co. has purchased nearly half of Bear Stearns Cos. stock, virtually guaranteeing shareholder approval. JPMorgan also upped its initial offer of $2-a-share to $10-a-share after outcry from Bear Stearns shareholders, many of whom are employees that JPMorgan intends to keep on staff.

The $10 was apparently enough to buy off those shareholders with other interests to pursue.  Perhaps those interests -- such as employees worried about their jobs -- were taken care of as well.