Bank of America Buys Countrywide

Discussion in 'Stocks' started by ASusilovic, Jan 11, 2008.

  1. Bank of America Buys Countrywide
  2. Bank of America agrees to purchase Countrywide USD 7,16 per share
  3. ~$4bln. Good luck catching a falling knife BoA. Like they had a choice after losing their @$$ on the initial $2bln.
  4. This is a chance for B of A to save face. Plus, who knows maybe in 4-6 years, this thing will be back being worth $20 billion or so.
  5. Bank of America: Countrywide deal neutral for 2008 EPS
  6. Looks like BAC is out "bargain hunting" :p
  7. mskl



    More like catching the piano -
  8. Why is CFC trading under $7 right now, if the buyout is for $7.16? That makes no sense.
  9. Arbitrage in action?
  10. because it doesn't happen till the 3rd qtr so there is a chance it can still fall through
    #10     Jan 11, 2008