Mer Getting Chopped Into Close...whats Up???

[dsq]

GETTING BOT BY BAC AND NOW ITS ALMOST GAPPING DOWN INTO CLOSE WHILE BAC STAYS STEADY...?

 

[NY_HOOD]

smart money knows Merril was on the verge of bankruptcy themselves.

 

[m22au]

My back of envelope calculations says that the BAC-MER spread widened over 10% over the course of the day

 

[REIT Master]

There's a risk that MER will end up in BK before BAC can close on the deal. If I owned MER, I would've sold it.

 

[crash n burn]

who would buy a troubled company for 50b, without even knowing what is their exact condition?

agreeing on buying during the weekend? exactly at the same time leh went literally bust?

give me a break.

this looks like bcs but with the opposite outcome...

 

[dsq]

the deal is a stock swap...

.8595 bac for each mer.

.8595 x26.95(mer price)=23.16

MER closed at 17.37 not 23.16...what the fk?