On March 16, 2008, Bear Stearns announced that it had agreed to be acquired by JP Morgan Chase for a mere $2.00 per share. On the date of this announcement, the 52 week high for the stock was $159.36, which puts the sale price at less than 1.3% of the the stocks 52 week high.
Below is a chart showing the unbelievable decline in the price of Bear Stearns shares:

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