Sunday, September 14, 2008

Has Mother Merrill Found A Daddy?

Bank of America and Merrill Lynch & Co. Inc. are in merger discussions, according to WSJ.

The talks come amid a Wall Street scramble to sort out a potential liquidation of Lehman Brothers. Much remains uncertain and conditions were fluid.

UPDATE: NYT reports, Bank of America is in advanced talks to buy Merrill Lynch for
$25 to $30 a share, people briefed on the negotiations said on Sunday. It would be an all stock deal.

A deal could be announced as soon as tonight. Merrill shares closed at $17.05 on Friday.

-EPJ Newsdesk

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