Created Wed 9th Jul 2008 2:06pm PST by

Will Merrill Lynch file for bankruptcy in the next year?

Settled as No

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.

Background:

Settlement details:As reported by a major mainstream news source.

Forecast history %

Yes

23%

77%

Settled as No on Tue 16th Sep 2008 8:37am PST

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:

Created Wed 9th Jul 2008 2:06pm PST by

hallo

Suspended Sun 14th Sep 2008 7:21pm PST by

newswrangler [Power User]

: Flagged by super user: Suspended pending review of announcement.

Settled as 'No' Tue 16th Sep 2008 8:37am PST by

bayoubear [Admin]

: 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.

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Suspend date: Fri 10th Jul 11:59pm PST (6 days to go)
Settlement date: Tue 16th Sep 2008 8:37am PST details

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Predictions (11)

41 weeks ago

dragon01 Level 14, Prophet (H$105,935)

predicted No (H$200 at 77%)

41 weeks ago

dragon01 Level 14, Prophet (H$105,935)

predicted No (H$100 at 76%)

43 weeks ago

matt

predicted Yes (H$100 at 24%)

47 weeks ago

nigeleccles [Admin]

predicted No (H$2,000 at 78%)

47 weeks ago

davem

predicted Yes (H$980 at 21%)

Comments (1)

bayoubear [Admin]

Question is suspended pending further review....this news should protect Merrill Lynch from bankruptcy and we should be able to settle soon....related news, bold is mine:

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

posted 41 weeks ago

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