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Originally Posted by Danzig
WSJ just reported bank of america is buying ML for $29 a share. wow.
barclays also out regarding buying lehman, but 'talks' are continuing.
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I think B of A overpaid by a huge huge amount (IMHO)....
That is quite a premium over the $17 share price that MER closed at...
Will provide a reason for a nice rally by the financials on Monday....
PSH