Merrill Lynch (MER) Board May Be About To Approve Bank Of America (BAC) Takeover

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The Wall Street Journal is reporting that the board of Merrill Lynch (MER) is meeting to approve a $29 a share takeover offer from Bank of America (BAC).

If the deal closes tonight, Merrill, Lehman (LEH), and Bear Stearns will all have disappeared in a matter of six months.

Douglas A. McIntyre