"The sweetened offer is intended to win over stockholders who vowed to fight the original fire-sale deal, struck only a week ago at the behest of theFrom and .Under the terms being discussed, JPMorgan would pay $10 a share in stock for Bear, up from the initial offer of $2...."CNN/Money:
" Under the revised terms, JPMorgan will buy 95 million new shares of Bear, giving it 39.5% of the troubled broker and a big leg up in getting shareholder approval to approve the takeover. Further,
Bear Stearns' board members - including Chairman James Cayne, who was said to be shopping for a better deal - agreed to support the deal. The board controls about 5%, giving the bank almost 45% approval.
Why was the deal being redone? In part because os so called "mistakes". For more you will want to read