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Merrill Lynch (MER Quote) and Bank of America (BAC Quote) have agreed to a deal in which Bank of America would buy Merrill in a multibillion-dollar all-stock transaction.
Get up to speed on this huge merger with TheStreet.com:
From Bank of America Agrees to Buy Merrill:
Bank of America expects to achieve $7 billion in pre-tax expense savings, fully realized by 2012. The acquisition is expected to be accretive to earnings by 2010. ...
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