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Fed OKs BofA's Merrill Lynch Deal
CHARLOTTE, N.C. -- Bank of America (BAC Quote) said Wednesday that the Federal Reserve's governing board has approved the company's purchase of Merrill Lynch (MER Quote)
Charlotte-based Bank of America said it expects to close the transaction by the end of the year, pending shareholder and additional regulatory approvals.
The deal, which was announced on Sept. 15, originally valued shares of New York-based Merrill at $29 each, or about $50 billion. ...
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