Bank Of America (BAC) Say Countrywide (CFC) Deal OK

Posted: January 29, 2008 at 12:16 pm

Bank of America (BAC) says that its deal for buying mortgage-bank Countrywide (CFC) is on track despite the M&A target’s big fouth quarter loss.

“Everything is a `go’ to complete this transaction,” Bank of America Chief Executive Officer Kenneth Lewis said according to Bloomberg.

Douglas A. McIntyre

om

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