Bank of America Buys Countrywide

ASusilovic · Jan 11, 2008

ASusilovic · Jan 11, 2008

Bank of America agrees to purchase Countrywide USD 7,16 per share

Bigpipn · Jan 11, 2008

~$4bln. Good luck catching a falling knife BoA. Like they had a choice after losing their @$$ on the initial $2bln.

polpolik · Jan 11, 2008

This is a chance for B of A to save face. Plus, who knows maybe in 4-6 years, this thing will be back being worth $20 billion or so.

ASusilovic · Jan 11, 2008

Bank of America: Countrywide deal neutral for 2008 EPS

makloda · Jan 11, 2008

Looks like BAC is out "bargain hunting"

mskl · Jan 11, 2008

Quote from Bigpipn:

~$4bln. Good luck catching a falling knife BoA. Like they had a choice after losing their @$$ on the initial $2bln.

Exactly!

More like catching the piano -

interdigital · Jan 11, 2008

Quote from ASusilovic:

Bank of America agrees to purchase Countrywide USD 7,16 per share

Why is CFC trading under $7 right now, if the buyout is for $7.16? That makes no sense.

turkeyneck · Jan 11, 2008

Quote from interdigital:

Why is CFC trading under $7 right now, if the buyout is for $7.16? That makes no sense.

Arbitrage in action?

otcstockfund · Jan 11, 2008

because it doesn't happen till the 3rd qtr so there is a chance it can still fall through