BofA May Nix Countrywide Deal
Read the full article: http://www.money-rx.com/blog/2008/05/deals-gone-bad.html
Bank of America is now being urged to reconsider their Countrywide bid. Ari Levy and Christopher Stern, Bloomberg News, report that Sen Chuck Schumer (D-NY) wants BofA to consider cutting the $4 billion price tag for the deal. Investors have speculated that Bank of America may seek better terms or cancel its takeover of Countrywide...
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