B. of A. releases average price for exchange offer

Discussion in 'Stocks' started by ASusilovic, Jun 23, 2009.

  1. BAC on Tuesday announced the common stock average price of $12.7048 for its offers to exchange up to 200 million shares of common stock for outstanding depositary shares representing preferred stock. The company said the common stock price is the average of the daily per-share volume-weighted average price of B. of A. common stock for the five trading days ended on June 22. The bank said the exchange offer would boost its capital position.