JPMorgan Buys Bear on the Cheap

With bankruptcy looming, the banks reach a deal: JPMorgan will acquire the troubled investment house for only $2 a share

In the end, Bear Stearns (BSC), the once-storied New York investment firm that became the victim of an old-fashioned run on the bank, wasn't worth much more than a subway ride.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.