Bank of America to Buy Merrill Lynch & Co.

Posted: September 15, 2008 in Tech

Merrill Lynch & Co., navigating in a global financial storm, agreed to be bought by Bank of America Corp. in an all-stock deal the companies valued at $50 billion.

The deal creates a huge global force in managing wealth, underwriting equity and high-yield debt, advising on mergers and acquisitions, and financing the consumer economy through credit cards and car loans.

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