Soon after J.P. Morgan Chase and Co borrowed money from the New York Federal Reserve in order to lend the troubled investment bank Bear Stearns to keep it afloat, the analysts’ expectations have materialized, as they said the move would cost the bank’s independence.

On Sunday, The Wall Street Journal reported that J.P. Morgan Chase and Co. signed a deal to acquire Bear Stearns Cos. for just 2 dollars per share, while a little over a year ago the investment bank’s shares were trading for as high as 170 dollars per share.

The low price is an reflection of how bad things go at Bear Stearns, which just last Friday needed the help of J.P. Morgan in order to survive.

The deal, which values Bear at 236 million dollars, might keep it from filing for bankruptcy, since it went through some rough times lately, especially after the collapse of hedge fund Carlyle Capital last week.

While the Bear Stearns shares were trading at 30 dollars per share at the close of Friday's session on the New York Stock Exchange, the acquisition was approved by both the companies’ boards of directors.

J.P Morgan is expected to pay for the teetering investment bank with a stock swap, according to the Journal. The deal is scheduled to be completed by the end of the second quarter of the current fiscal year.

However, the bank is not totally confident that the acquisition will keep it afloat, since regulators, bankers and investors worry that Bear’s shares could continue to decrease on Monday and could lead to the company’s collapse.