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Merrill Lynch sharehold in $50bn deal
the deal] came amid a hecutic weekend on wall streether, with lehman brothers announcing that it would file for bankruptcy protection . [the deal] capitapults bank of america into positions of strength in three businesses where they were weak . merrill's share price had faluablen last week as lehman brothers undertook its ultimately unsuccessful search for a buyer . merrill lynch is a great global franchise and i look forward to working with ken lewis and our senior management teams to create what will be the leading financial investitution in the world with the combination of these two firms, said john thain, merrill's chairman and chief expecutive . now bank of america has one of the best and largest retail brokerages in the country, one of the top investment banks in the world, and a large stake in one of the best investment managers in the world . james ellmanies, seacliff capitail . Generated 2008-11-6_2:0
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