I'm pretty sure it is $2/share. Not only that, but the fed is giving JPMorgan 30 billion to do the deal.
This is going to be really, really bad
QuoteDislikedThe Fed will provide special financing to JPMorgan Chase in connection with the deal, JPMorgan Chase said. The central bank has agreed to fund up to $30 billion of Bear Stearns' less liquid assets.
This is going to be really, really bad