July 2009

Two stories, Today's Outrage: Bank of America Lowballed and Tepid Bids for BofA's Columbia Unit: Report, cited unclear information about which Oppenheimer company was interested in Bank of America's (BAC) Columbia asset management unit.

Those two stories had referred to a report in the Financial Times. A spokeswoman for OppenheimerFunds Inc. declined to comment. The unrelated Oppenheimer Holdings (OPY) is not interested and has never been involved in any discussions with BofA about Columbia, according to Lou Colasuonno, managing director of FD, a communications firm representing Oppenheimer Holdings.