Merrill (MER) Goes To Wachovia (WB) About Merger
The New York Times reports that Stan O’Neal, the CEO of Merrill Lynch (MER) approached Wachovia (WB) about a potential merger of the firms.
The board of Merrill was upset because it was not consulted.
Still, given the broker’s current position, it seems like a sensible thing to have done.
Douglas A. McIntyre