Derisory Joe Lewis

Joe Lewis said something about Derisory Offer.

“I think it’s a derisory offer, and I don’t think they will get shareholder approval,” Lewis said, in an interview with CNBC

Bear Stearns’ second largest share holder, Joe Lewis, said Monday JPMorgan’s $2 a share offer for the investment bank is “derisory.

British-born billionaire, who amassed his fortune as a currency trader, is the biggest individual loser in Bear Stearns’ debacle. He lost nearly $1 billion from his decision to pile into Bear Stearns stock in recent months.

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