
Will Merrill Lynch file for bankruptcy in the next year?
Settled as NO....the acquistion of Merrill Lynch, though not completed as of yet, has safeguarded the company from bankruptcy as of now. Only if the deal falls through and Merrill Lynch stands on its own again will there be a prospect of bankruptcy in its future. So since there will apparently be no independent Merrill Lynch, then there will be no bankruptcy.
Settlement details:As reported by a major mainstream news source.
- Activity: H$6,000 |
- Predictions: 11 |
Comments: 1
Suspend date: Fri 10th Jul 11:59pm PST (6 days to go)
Settlement date: Tue 16th Sep 2008 8:37am PST
Initial likelihoods: Yes: 20%
Action history:
Suspend date: Fri 10th Jul 11:59pm PST (6 days to go)
Settlement date: Tue 16th Sep 2008 8:37am PST details
Predictions (11)
Comments (1)
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The transaction is expected to close in the first quarter of 2009, the statement said. It has been approved by directors of both companies and is subject to shareholder votes at both companies and standard regulatory approvals.
http://www.usatoday.com/money/industries/banking/2008-09-14-merrill-lynch-bank-of-america_N.htm
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