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Merrill Agrees to Be Sold to BofA for $29 a share
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Merrill Agrees to Be Sold to BofA for $29 a share
www.cnbc.com
(visit the link for the full news article)
Merrill Lynch, the world's largest broker, agreed to be acquired by Bank of America for $29 a share, or $43.5 billion, after being pressured into a deal by federal regulators.
Merrill agreed to the BofA sale, which represents a huge premium to its closing price on Friday of $17 a share, after talking to several other potential acquirers, including Morgan Stanley
A lot is going on in the financial markets tonight, Lehman is going to file Chapter 7, BoA is buying Merrill, and AIG is looking for a bridge loan
from the Fed. Oh this week is going to be exciting.
www.cnbc.com
(visit the link for the full news article)
www.cnbc.com
(visit the link for the full news article)
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