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Merrill Agrees to Be Sold to BofA for $29 a share

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posted on Sep, 14 2008 @ 08:24 PM
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Merrill Agrees to Be Sold to BofA for $29 a share


www.cnbc.com

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
(visit the link for the full news article)




posted on Sep, 14 2008 @ 08:24 PM
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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)



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