Bear shares closed on Thursday at $6.39, reflecting investor expectations that JPMorgan might raise its bid or that another suitor might offer a higher price. JPMorgan shares closed at $45.97. Seeking Shareholders According to The Times, Bear was seeking to authorize the sale of a 39.5 percent stake to JPMorgan on Sunday night, which under Delaware law it can do without shareholder approval. Both companies are incorporated in Delaware. As part of the original agreement, the Fed extended a $30 billion credit line to JPMorgan to finance Bear's most illiquid assets.