It looks like the end of the Bear Stearns story. The press is reporting that James Cayne, Chairman of Bear Stearns, sold $61.3 million of his shares of the company, as reported in a corporate filing. It is highly unlikely that any buy out price will be higher than the $10 that is currenly on the table.
Last year, Cayne's same holdings were worth a billion dollars.
Bear Stearns Chairman sells $61.3 million of stock - Yahoo! News
