JP Morgan Pays $2 a Share for Bear Stearns - New York Times

JP Morgan Pays $2 a Share for Bear Stearns - New York Times: "In a shocking deal reached on Sunday to save Bear Stearns, JPMorgan Chase agreed to pay a mere $2 a share to buy all of Bear — less than one-tenth the firm’s market price on Friday....JPMorgan is buying Bear, which has 14,000 employees, for a third the price at which the smaller firm went public in 1985. Only a year ago, Bear’s shares