JPMorgan (JPM -1.1%) does a little bargain shopping, as it closes in on picking up MF Global's...

|About: JPMorgan Chase & Co. (JPM)|By:, SA News Editor

JPMorgan (JPM -1.1%) does a little bargain shopping, as it closes in on picking up MF Global's (MFGLQ.PK) 4.7% stake in the London Metal Exchange. Sources tell Reuters that the $39M deal - which would up JPM's stake in the LME to over 10% - could be announced as soon as next week.