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Today is Monday, March 22, 2010 at
-
Countdown to Market Close:
Reuters – Bank of America Corp ’s primary investment management unit is drawing lower than expected bids after its likeliest suitor, BlackRock Inc , inked a blockbuster deal to buy Barclays Global Investor, the Financial Times reported, citing people close to the matter.
Bank of America has been trying to sell its Boston -based Columbia Management
The company is hoping to get at least $3 billion from a sale of Columbia Management, but bids so far have come in closer to $2 billion, the paper said, citing the people.
Read Complete Article
Tags:
bank of america ,
bank of america corp ,
barclays ,
barclays global investor ,
blackrock inc ,
blockbuster deal ,
boston ,
columbia management ,
financial times ,
inked ,
investment-management ,
management unit ,
reuters ,
suitor ,
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Tags: bank of america , bank of america corp , barclays , barclays global investor , blackrock inc , blockbuster deal , boston , columbia management , financial times , inked , investment-management , management unit , reuters , suitor
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