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Feb 25, 2019 · Merrill Lynch was sold to Bank of America for $50 billion in September 2008. Since then, the merged entity has soared in value, and Bank of America appears to believe it’s time to move on.
- Bank of America to buy Merrill Lynch for $50 billion - Sep ...
The purchase price would value the company at about $29 a...
- Bank of America to buy Merrill Lynch for $50 billion - Sep ...
Jan 1, 2009 · Bank of America Corp <BAC.N> completed its purchase of Merrill Lynch & Co on Thursday, creating the largest U.S. bank and perhaps one of the biggest challenges yet for longtime Chief...
Sep 15, 2008 · The purchase price would value the company at about $29 a share, a 70% premium based upon Friday's closing prices of $17.05 for Merrill and Bank of America's closing price of $33.74.
Bank of America acquired Merrill Lynch in late 2008 during the financial crisis. The $50 billion deal came as Merrill Lynch was within days of collapse, effectively rescuing it from bankruptcy.
Sep 15, 2008 · The deal values Merrill at $29 a share based on Bank of America’s Friday closing price of $33.74. That represents a 70 percent premium over Merrill’s Friday closing price of $17.05, but...
Sep 16, 2008 · Merrill Lynch on Monday rushed into an agreement to be acquired by Bank of America for $50bn in a sign that the crisis engulfing Lehman Brothers is forcing rival investment banks to seek...
Sep 15, 2008 · In one of the most dramatic days in Wall Street’s history, Merrill Lynch agreed to sell itself on Sunday to Bank of America for roughly $50 billion to avert a deepening financial crisis,...
