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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