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Banking Times: Daily Banking News (Free subscription) | 02/01/2009
Bank of America Corporation (BofA) has completed its purchase of Merrill Lynch, to create the largest wealth management business in the world. The transaction was hurriedly agreed in mid-September, shortly before Lehman Brothers filed for bankruptcy protection. Shareholders of Merrill Lynch received .8595 shares of BofA common stock for each common share of Merrill Lynch held. The merged...
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The Earth Times Online Newspaper (Free subscription) | 01/01/2009
CHARLOTTE, N.C., Jan. 1 /PRNewswire/ -- Bank of America Corporation today completed its purchase of Merrill Lynch & Co., Inc. creating a premier financial services franchise with significantly enhanced wealth management, investment banking and internation...
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Business Wire (Free subscription) | 02/01/2009
CHICAGO--(BUSINESS WIRE)--Bank of America Corporation's (BAC) completed acquisition of Merrill Lynch & Co., Inc., (MER) enhances the bank's already global presence in capital markets activities, investment banking,
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Global Financial News (Free subscription) | 01/01/2009
Filed under: Bank of America (BAC) , Merrill Lynch (MER) Here's a pretty awesome deal: Work for Merrill Lynch for a few days until it's acquired by Bank of America Corporation (NYSE: BAC ) and receive a $25 million golden parachute. Then turn around and buy a $37 million Park Avenue apartment. Peter Kraus was hired to help with "overseeing the firm's business strategy and investments;...
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BloggingStocks (Free subscription) | 01/01/2009
Filed under: Bank of America (BAC) , Merrill Lynch (MER) Here's a pretty awesome deal: Work for Merrill Lynch for a few days until it's acquired by Bank of America Corporation (NYSE: BAC ) and receive a $25 million golden parachute. Then turn around and buy a $37 million Park Avenue apartment. Peter Kraus was hired to help with "overseeing the firm's business strategy and investments;...