Merrill, which has posted more than $40 billion in write-downs and credit losses over the last year, has agreed to sell itself to Bank of America Corp
Monday, September 15, 2008
Breaking News-RTRS-Merrill bull run ends with of Bank of America sale
NEW YORK, Sept 14 (Reuters) - Merrill Lynch & Co Inc is one of the largest investment banks on Wall Street, but the venerable company and its world-famous bull emblem are about to be relegated to the annals of Wall Street.
Merrill, which has posted more than $40 billion in write-downs and credit losses over the last year, has agreed to sell itself to Bank of America Corp for $44 billion, or $29 a share, a source briefed on the matter said on Sunday.
Merrill, which has posted more than $40 billion in write-downs and credit losses over the last year, has agreed to sell itself to Bank of America Corp
