Bank Of America (BAC) To Buy Merrill Lynch (MER) For $26 A Share?

Posted: September 14, 2008 at 5:59 pm

Merrill_2The latest rumor in the swirl of news around the probable failure of Lehman (LEH) is that Bank of America (BAC) will buy Merrill Lynch for $26 a share. The most recent information on the deal comes from The Wall Street Journal.

While the $26 is a significant premium to $17 where it closed on Friday, it is well below the $28 where it opened last Monday

Douglas A. McIntyre

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