Home › Forums › Financial Markets/Economics › Lehman Said to Prepare Bankruptcy as Buyers Withdraw (BofA to pick up Merril Lynch) › Why is BofA paying a premium
Why is BofA paying a premium for MER? And why such a massive premium? MER was trading for $17 on Friday and BofA is going to pay $29.
That’s ridiculous. The gubmint must be involved somehow.
