Banking, finance, and taxes
Countrywide Holders Approve Bank of America Buyout (CFC, BAC)
Published:
If there were questions whether or not the first first of the large bank and lender deal would get done, it looks like that is history. Countrywide Financial Corporation (NYSE: CFC) has announced that the results from its special stockholders meeting to vote on the acquisition by Bank of America Corp. (NYSE: BAC) was a stockholder approval. The holders of more than 69% of the Countrywide common stock approved the stock transaction. Pending conditions, this merger is expected to close on July 1, 2008.
Countrywide shares are up 1.9% at $4.75 today and Bank of America shares are up 2.9% at $27.39 today. The final buyout price based upon the full 0.1822 share conversion would be at an adjusted $4.99 based on Bank of America’s price.
Jon C. Ogg
June 25, 2008
Travel Cards Are Getting Too Good To Ignore
Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.
We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.
It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.
We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.
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