Shocking Deal - JP Morgan Buys Bear Stearns For Only $2 A Share

As per this latest news report, JP Morgan Chase agreed to pay $2 for a share to buy all of Bear Stearns. The report says,
"Reflecting Bear’s dire straits, JPMorgan agreed to pay only about $270 million in stock for the firm, which had run up big losses on investments linked to mortgages."
Read all about this shocking deal ...