In the post below, I cited the Financial Times as breaking the Merrill divestiture story.
Saturday, June 28, 2008
Fire Sale at Merrill?
The Financial Times is reporting that Merrill Lynch will decide between now and when it reports June quarter earnings whether it will dispose of its 20% stake in Bloomberg and its 49% stake in Blackrock.
I'm not really sure whether the FT got the scoop or if it was someone else. The NY Times today reruns the Bloomberg stake part of the story and credits the Post as first reporting the news yesterday.
It wasn't first reported yesterday. Are they afraid to admit they are so far behind? Did they just not bother checking?
long MER
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