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Later that day, Merrill Lynch was sold to Bank of America for 0.8595 share of Bank of America common stock for each Merrill Lynch common share, or about $50 billion or $29 per share. [ 50 ] [ 51 ] This price represented a 70.1% premium over the September 12 closing price or a 38% premium over Merrill's book value of $21 a share, [ 52 ] but also ...
BofA Securities, Inc., [1] previously Bank of America Merrill Lynch (BAML), is an American multinational investment banking division under the auspices of Bank of America. It is not to be confused with Merrill , the stock brokerage and trading platform subsidiary of Bank of America.
The company was founded on January 6, 1914, when Charles E. Merrill opened Charles E. Merrill & Co. for business at 7 Wall Street in New York City. [11] A few months later, Merrill's friend, Edmund C. Lynch, joined him, and in 1915 the name was officially changed to Merrill, Lynch & Co. [12] At that time, the firm's name included a comma between Merrill and Lynch, which was dropped in 1938. [13]
The Fab Five photographed by the University of Michigan athletic department in 1992. From left to right: Ray Jackson, Juwan Howard, Jalen Rose, Jimmy King and Chris Webber. The Fab Five was the 1991 University of Michigan men's basketball team recruiting class that many consider one of the greatest recruiting classes of all time. [1]
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Charles Edward Merrill (1906–1907), co-founded stock brokerage firm Merrill Lynch with Edmund C. Lynch; worked at Merrill Lynch, 1914–56; Charles W. Miller (1884), 18th Indiana Attorney General (1903–1907) [37] Robert E. Minahan (LL.B. 1894), Mayor of Green Bay, Wisconsin; Jeffrey P. Minear (J.D. 1982), Counselor to Chief Justice John G ...
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Bloomberg L.P. is an American privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.It was co-founded by Michael Bloomberg in 1981, with Thomas Secunda, Duncan MacMillan, Charles Zegar, [9] and a 12% ownership investment by Bank of America through its brokerage subsidiary Merrill Lynch.
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