From 24/Wall Street:
Merrill Lynch (MER) Board May Be About To Approve Bank Of America (BAC) Takeover
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 disappered in a matter of six months.
MER closed Friday at $17.05.