Investing
Bank Of America (BAC) Approached Citigroup (C) About Merger
Published:
According to Reuters, "Citigroup Inc got a call from a prominent investment banker suggesting a merger with Bank of America Corp as it was dealing with billions of dollars in mortgage-related losses and the departure of Chief Executive Charles Prince, the Wall Street Journal reported Wednesday in its online edition."
They probably wanted to good a price. Maybe $20 for each Cit share.
Douglas A. McIntyre
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