Posted by Sylvia_FL on 6/25/08 10:45am
Msg #252873

Illinois sues Countrywide


http://www.foxnews.com/story/0,2933,371227,00.html

Reply by ME/NJ on 6/25/08 10:50am
Msg #252874

I think CA AG thinking of doing the same n/m

Reply by jba/fl on 6/25/08 12:33pm
Msg #252896


"Countrywide agreed in January to sell itself to Bank of America Corp. for around $4 billion in stock. The deal is now valued at around $2.8 billion, reflecting a decline in Bank of America's stock price over the last six months.
...
Assuming shareholders give their approval, Charlotte, N.C.-based Bank of America has said it could close the deal as early as July 1."

If I were a shareholder, why would I want to approve such a deal?? If it is worth $2.8 B and requesting to buy for $4B....what is the sense in that?

JMO

Reply by Lee/AR on 6/25/08 12:39pm
Msg #252899

Just did a CW yesterday. Think that'll be my last until the dust settles. Don't need a repeat of EFS.