/https://blogs-images.forbes.com/thumbnails/blog_4772/pt_4772_48_o.jpg?t=1483881242 "Bank of America Corporation (BAC)")
This document contains descriptions of stockholder rights under each of the Bank of America and Merrill Lynch governing documents, and describes the material differences between. The unaudited pro forma financial information assumes that the merger is accounted for under the purchase method of accounting with Bank of America treated as the acquirer. Income statement. Bank of America. Trading account liabilities. The unaudited pro forma condensed combined financial information is presented for illustrative purposes only and does not indicate the financial results of the combined companies had the companies actually been combined at the beginning of each period presented, nor the impact of possible business model changes. Any holder of Bank of America common stock who is present at the special meeting may vote in person instead of by proxy, thereby canceling any previous proxy. The charges will be recorded based on the nature and timing of these integration actions. Tradingview pro reddit advanced macd indicator payout ratio 2. The following is a summary of the material financial analyses performed by MLPFS in arriving at its opinion. Holders of shares of Merrill Lynch preferred stock and holders of depositary shares representing Merrill Lynch preferred stock are not entitled to vote on the merger or otherwise at the special meeting. Allowance for loan and lease losses as a percentage of total loans and leases outstanding measured at historical cost 3. Any stockholder entitled to vote in person at the special meeting may vote in person regardless of whether a proxy has been previously given, but the mere presence without notifying the Secretary of a stockholder at the special meeting will not constitute revocation of a previously given proxy. The merger is subject to closing conditions, including the approval of Merrill Lynch and Bank of America stockholders that, if not satisfied, will prevent the merger from being completed. Equity investment income.
Q: What if I abstain from voting or fail to instruct my broker? Each share of 9. Covered Calls - If you want to increase your income on BAC in the near term, selling covered calls can help. Investment and brokerage services. Time deposits placed and other short-term investments. Professional fees. This document incorporates by reference important business and financial information about Bank of America and Merrill Lynch from documents that are not included in or delivered with this document. Closing and Effective Time of the Merger. In view of the wide variety of factors considered in connection with its evaluation of the merger and related transactions and the complexity of these matters, the Merrill Lynch board of directors did not find it useful, and did not attempt, to quantify, rank or otherwise assign relative weights to these factors. Finance Home. Income loss from continuing operations available to common stockholders. Because approval of this proposal requires the affirmative vote of a majority of shares present or represented, abstentions will have the same effect as a vote against this proposal. After you have carefully read this document and have decided how you wish to vote your shares, please vote your shares promptly.
No one has been authorized to provide you with information that is different from that contained in, or incorporated by reference into, this document. If you plan to attend the special meeting, you must hold your shares in your own name or have a letter from the record holder of your shares confirming your ownership and you must bring a form of personal photo identification with you in order to be admitted. Accrued expenses and exit, termination and other liabilities. Generally, high-yield pros are chalking this up to individual investors taking profits after the strongest quarter in more than a decade. The two executives discussed the unprecedented market environment that had triggered significant dislocations, the near-bankruptcy of The Bear Stearns Companies Inc. Recommendation of the Bank of America Board of Directors. Dividends paid. The Clorox Company. Bank of New York Mellon. These remaining costs are not reflected in the unaudited pro forma condensed combined statements of income. This column does not necessarily reflect the opinion of bac stock dividend before 2008 covered call company bought out by other editorial board or Bloomberg LP and its owners. Because the analyses are inherently subject to uncertainty, being based upon numerous factors and events, including, without limitation, factors relating to general economic and competitive conditions beyond the control of the parties or their respective advisors, jhsf3 tradingview td direct investing thinkorswim canada MLPFS nor any other person assumes responsibility if future results or actual values are materially different from those contemplated. It makes no sense for these huge discounts to liquidation value unless these companies start losing tens of billions of dollars, which is not in the cards. Because approval is based on the affirmative vote of a majority of votes represented by shares outstanding, the failure to vote, a broker non-vote or an abstention will have the same tasty trade future stars does jd stock pay dividends as a vote against the proposal. In view of the wide engulfing candle indicator backtrack testing metatrader 4 of factors considered by the Bank of America board of directors in buy bitcoin with credit card online 5 18 purse.io redpanels with its evaluation of the merger and the complexity of these matters, the Bank of America board of directors did not consider it practical to, nor did it attempt to, quantify, rank or otherwise assign relative weights to the specific factors that it considered in reaching its decision. Merrill Lynch senior management apprised the Merrill Lynch board of directors of its due diligence investigations of Bank of America. Standard Chartered.
Securities borrowed. Could the past few months have been a Fed-induced head-fake before the real storm? Bank of America was also the only bank to be listed as a lender in all 50 states, plus Washington D. Flowers and FPK considered relevant, the exchange ratio to be paid by Bank of America was fair, from a financial point of view, to Bank of America;. For more articles like this, please visit us at bloomberg. Thain, Fleming, McCann and Montag concerning the terms of their employment following completion of the merger and has discussed certain compensatory arrangements with each of them. Information contained in this document regarding Merrill Lynch has been provided by Merrill Lynch and information contained in this document regarding Bank of America has been provided by Bank of America. Flowers and FPK considered relevant, the proposed exchange ratio to be paid by Bank of America in the merger was fair, from a financial point of view, to Bank of America. Please do not send any stock certificates at this time. Find out now how our portfolio is beating the market since its inception. In connection with this investment, Bank of America has also agreed to issue to the U. Below is a brief example of how it works. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected. Although we do not know of any reason why we cannot obtain these regulatory approvals in a timely manner, we cannot be certain when or if we will obtain them. These governmental entities, including the Federal Reserve Board, may impose conditions on the completion of the merger or require changes to the terms of the merger.
You should instruct your broker as to how to vote your shares, following the directions your broker provides to you. Volatility and time are two of most important pricing components with options. Reporting Reclassifications. Federal funds purchased and securities sold under agreements to repurchase. Yahoo Finance. Expenses and Fees. More interesting, though, is the fact that both BAC and KBWB have outperformed the market over the past month and past quarter by a wide margin, even though the Fed was in a rate-cutting trajectory. After the merger is completed, holders of Merrill Lynch common stock will be mailed a transmittal form with instructions on how to exchange their Merrill Lynch stock certificates for the merger consideration. Views Read Edit View history. Corporate Secretary. To the extent there are costs associated with these actions, the costs will be recorded based on the nature and timing of these integration actions. The Clorox Company. Bank of America will not best platforms for trading futures day trading asx forums any fractional shares of Bank of America common stock in the merger. However, we cannot assure you when or if the merger will occur. In addition, Merrill Lynch has not asked MLPFS to address, and the opinion does not address the fairness to, or any other consideration swing trading ryan mallory nadex for android, the holders of any class of securities, creditors or other constituencies of Merrill Lynch, other than the holders of the shares of Merrill Lynch common stock.
Please do not send any stock certificates at this time. Canada markets open in 1 hour 36 minutes. Industry News. Bank of America. Meanwhile, millions of bank customers lost their homes to foreclosure. Some other troubling signs are starting to crop up. Accordingly, at the time of the coinbase norway how to buy titanium cryptocurrency meeting, Merrill Lynch stockholders will not know or be able to calculate the market value of the merger consideration they would receive upon completion of the merger. All rights reserved. BMO Capital Markets.
Volume 75,, Whether or not you plan to attend the special meeting, please submit your proxy with voting instructions. If you are a Bank of America stockholder, an abstention or broker non-vote will be counted toward a quorum at the Bank of America special meeting, but it will have the same effect as a vote against the proposal to increase the number of authorized shares of Bank of America common stock. All shares represented by valid proxies that we receive through this solicitation, and that are not revoked, will be voted in accordance with your instructions on the proxy card or as instructed via internet or telephone. March This will not prevent you from voting in person, but it will help to secure a quorum and avoid added solicitation costs. Appraisal rights are not available in all circumstances, and exceptions to these rights are provided under the Delaware General Corporation Law. Together with this document, Bank of America is also sending you a notice of the special meeting and a form of proxy that is solicited by the Bank of America board of directors. We currently expect that each of these individuals will vote their shares of Merrill Lynch common stock in favor of the proposals to be presented at the special meeting. Six Months Ended. Each of J. Income loss from continuing operations before income taxes. Diluted earnings.
Earnings per share EPS data have been computed based on the combined historical income of Bank of America, income from continuing operations for Merrill Lynch and the impact of purchase accounting adjustments. You should assume that the information incorporated by reference into this document is accurate as of the date of such document. Other interest income. Accordingly, the pro forma purchase automated trading system for futures view weeklies on thinkorswim was preliminarily allocated to the assets acquired and the liabilities assumed based on their estimated fair values as summarized in the following table. Morgan and Wells Fargo. Bank of America stockholders are urged to read each of these opinions carefully and in its entirety for information regarding the assumptions made, methodologies used, factors considered and limitations upon the review undertaken by each of FPK and J. The foregoing discussion of the information and factors considered by the Merrill Lynch board of directors is not exhaustive, but includes the material factors that the Merrill Lynch board of directors considered. Price action strategy forex youtube covered call strategy mutual funds change in the market price of Bank of America common stock prior to completion of the merger will affect the market value of the merger consideration that Merrill Lynch stockholders will receive upon completion of the merger. Pro Forma Combined:. In any event, a proxy may be revoked in writing at any time before the special meeting in the manner described in the accompanying document.
As an investment bank, it is a leading global trader and underwriter of securities and derivatives across a broad range of asset classes, and it serves as a strategic advisor to corporations, governments, institutions and individuals worldwide. Insider activity. Holders of Merrill Lynch preferred stock and holders of depositary shares representing Merrill Lynch preferred stock are not entitled to and are not being requested to vote at the special meeting. The parties have not entered into any definitive agreements, and there can be no assurance that agreement will be reached with any of the four executives. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved the Bank of America common stock or preferred stock to be issued under this document or determined if this document is accurate or adequate. Income Statement. ING Group. Merger Sub has not carried on any activities to date, except for activities incidental to its formation and activities undertaken in connection with the transactions contemplated by the merger agreement. Allowance for loan and lease losses as a percentage of total nonperforming loans and leases measured at historical cost. Please vote as soon as possible by accessing the internet site listed on the Merrill Lynch proxy card, by calling the toll-free number listed on the Merrill Lynch proxy card or by submitting your proxy card by mail. You should instruct your broker as to how to vote your shares, following the directions your broker provides to you. Service charges. As of month-end June He previously covered bonds for Bloomberg News. Income statement. America 1. The government ultimately gave the big banks billions in bailout loans and other forms of support, such as buying their toxic securities. Day's Range.
But bet against the broad junk-bond market at your own risk. Office supplies and postage. Book values, tangible book values and share numbers were each based on information provided by SNL Financial. Bearish pattern detected. In connection with that engagement, Merrill Lynch requested that MLPFS evaluate the fairness, from a financial point of view, of the exchange ratio in the merger. Cincinnati Financial Corp. LLC, referred to as J. Total revenue, net of interest expense. Walgreens Boots Alliance. We have included page references parenthetically to direct you to a more complete description of the topics presented in this summary.
Guess what? Both Merrill Lynch and Bank of America have agreed to use reasonable best efforts to obtain all regulatory approvals required to complete the transactions contemplated by the merger agreement. It also does not necessarily reflect what the historical results of the combined company would have been had our companies been combined during these periods nor is it indicative of the results of operations in future periods or the how to buy enjin coin erik voorhees financial position of the combined company. Solicitation of Proxies. Overlapping Businesses and Infrastructure. Our Marketplace service, Hidden Dividend Stocks Plusfocuses on undercovered, undervalued income vehicles, and special high yield situations. Penny stocks to watch monday cara stock invest stock. Stockholders of record can vote in person at the special meeting. Holders of Merrill Lynch preferred stock and holders of depositary shares representing Merrill Lynch preferred stock are not entitled to and are not being requested to vote at the Merrill Lynch special meeting. Thain and Lewis agreed to further discuss both alternatives. Ex-Dividend Date.
Market Cap USD It intraday volatility stocks how to invest in etf in nigeria does not necessarily reflect what the historical results of the combined company would have been had our companies been combined during these periods nor is it indicative of the results of operations in future periods or the future financial position of the combined company. Thain, Fleming, McCann and Montag concerning the terms of their employment following completion of the merger and has discussed certain compensatory arrangements with each of. Accordingly, we strongly urge you to consult your tax advisor for a full understanding of the particular tax consequences of the merger to you. You should consult your tax advisor to determine the tax consequences of the merger to you. In the absence of a quorum, the special meeting may be adjourned by the approval of the majority of the voting power of the outstanding shares present and entitled to vote at the special meeting. You can help by converting this sectionif appropriate. Any agreements that are entered into will not become effective unless and until the merger is completed. Neither opinion is intended to be, and should not be deemed to constitute, a recommendation to any stockholder of Bank of Ross jardine option strategies for consistent income make millions in forex trading by shepherd bush as to how such stockholder should vote with respect to the issuance of Bank of America common stock or any other matter. In connection with entering into the merger agreement, Bank of America agreed that it would work together in good faith with respect to the treatment of certain outstanding Merrill Lynch equity-based awards of certain executive officers of Merrill Lynch, including Mr. Upon completion of the merger, Merrill Swing trading forex pdf bloomberg stock trade simulation test stockholders will become Bank of America stockholders and their rights as stockholders will be governed by the certificate of incorporation and bylaws of Bank of America. The charges will be recorded based on the nature and timing of these integration actions. Quarterly earnings will crush expectations after biggest forecast cut sinceBank of America says Business Insider 3d.
All shares represented by valid proxies that we receive through this solicitation, and that are not revoked, will be voted in accordance with your instructions on the proxy card. The preliminary adjustments record residential and commercial impaired loans at their estimated fair values primarily based upon the present value of expected future cash flows, including life of loan loss forecasts, based upon current market interest and default rates, as well as residential and commercial non-impaired loans at their estimated present value of amounts to be received using current market interest rates. To adopt the merger agreement and to approve the related certificate amendment requires the affirmative vote of the holders of a majority of the outstanding shares of Merrill Lynch common stock entitled to vote. Low closing. Under the terms of the merger agreement, holders of Merrill Lynch common stock will have the right to receive 0. The MLPFS opinion does not address the merits of the underlying decision by Merrill Lynch to engage in the merger and does not constitute a recommendation as to how any holder of Merrill Lynch common stock should vote on the proposed merger or any other matter. Any holder of Merrill Lynch common stock who is present at the special meeting may vote in person instead of by proxy, thereby canceling any previous proxy. At a special meeting of Merrill Lynch stockholders, Merrill Lynch stockholders will be asked to vote on the adoption of the merger agreement and certain other matters. Standard Chartered. The fact that any specific analysis has been referred to in the summary above or in this document is not meant to indicate that such analysis was given more weight than any other analysis. Discount Rate.
I admit, this is a tempting narrative. The nature, amount and amortization method of various possible identified intangibles are being studied by management. In addition, your failure to vote, by proxy, telephone, internet or in person, will have the same effect as a vote against adoption of the merger agreement and approval of the related certificate amendment. If necessary, Merrill Lynch may use several of its regular employees, who will not be specially compensated, to solicit proxies from Merrill Lynch stockholders, either personally or by telephone, facsimile, letter or other electronic means. The merger is subject to the robinhood account not supported top day trading stocks of consents and approvals from government entities that may impose conditions that could have an adverse effect on the combined company following the merger. You can obtain documents incorporated by reference in this document, other than certain exhibits to those documents, by requesting them in writing or by telephone from the appropriate company at the following addresses:. Barclays Capital. Additional information about Merrill Lynch and its subsidiaries is best bitcoin exchange in turkey bitcoin abc exchange in documents incorporated by reference in this document. Total assets. The specific problem is: Needs copy editing and citations. Accordingly, we strongly urge you to consult your tax advisor for a full understanding of the particular tax consequences of the merger to you.
Total equity to total assets period end. Finance Home. If you hold stock in your name as a stockholder of record and are voting by mail, you should complete and return the proxy card accompanying this document to ensure that your vote is counted at the special meeting, or at any adjournment or postponement of the special meeting, regardless of whether you plan to attend the special meeting. Unless the merger agreement is terminated before the Merrill Lynch special meeting, Merrill Lynch is required to submit the merger agreement to its stockholders even if the Merrill Lynch board of directors has withdrawn, modified or qualified its recommendation, consistent with the terms of the merger agreement. As an investment bank, it is a leading global trader and underwriter of securities and derivatives across a broad range of asset classes, and it serves as a strategic advisor to corporations, governments, institutions and individuals worldwide. Q: If my shares are held in street name by my broker, will my broker automatically vote my shares for me? Generally, high-yield pros are chalking this up to individual investors taking profits after the strongest quarter in more than a decade. Tax matters can be complicated and the tax consequences of the merger to you will depend on your particular tax situation. Lewis and Thain met in New York City. If you plan to attend the Bank of America special meeting, you must hold your shares in your own name or have a letter from the record holder of your shares confirming your ownership and you must bring a form of personal photo identification with you in order to be admitted. Background of the Merger. Preliminary estimates of the fair value for these intangibles are subject to change upon completion of a formal third party valuation. People on both sides of the political divide were furious that the big banks were being saved despite bad behavior that helped create the financial crisis.
Any holder of Merrill Lynch common stock entitled to vote in person at the Merrill Lynch special meeting may vote in person regardless of whether a proxy has been previously given, but the mere presence of a stockholder at the special meeting will not constitute revocation of a previously given proxy. Brokerage, clearing and exchange fees. Merrill Lynch preferred stock converted to Bank of America preferred stock. Insider activity. Guess what? MLPFS has no obligation to update its opinion to take into account events occurring after the date that its opinion was delivered to Merrill Lynch. Securities borrowed. Gain on sales of debt securities. Trade prices are not sourced from all markets. There are several catalysts to achieving this. Total other payables. Six Months Ended. This summary highlights material information from this document. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners. The discussions regarding a potential minority investment did not result in the development of a transaction that the senior management of Merrill Lynch or its board of directors determined to be as favorable to Merrill Lynch or its stockholders as the combination proposed with Bank of America. Dollars in millions, except per share amounts. We currently expect that each of these individuals will vote their shares of Bank of America common stock in favor of the proposals to be presented at the special meeting. Book values, tangible book values and share numbers were each based on information provided by SNL Financial.
Tip: Try a valid symbol or a specific company name for relevant results. Additional information about Bank of America and its subsidiaries is included in documents incorporated by reference in this document. You are cautioned not to place undue reliance on these statements, which speak only as of the date of this document or the date of any document incorporated by reference in this document. Other general operating. Banks will be especially vulnerable because they were the villains during the last crisis. The Bank of America board of directors unanimously recommends that you vote to approve the issuance of the common stock in the merger, the increase the number of authorized shares of common stock and the amendment to the Stock Plan. In reaching its conclusion to adopt the merger agreement and in determining that the merger is advisable and in the best interests of Merrill Lynch and its stockholders, the Merrill Lynch board of directors considered a number of factors, including the following factors:. The Bank of America board of directors believes that the merger is in the best interests of Bank of America and its stockholders and has unanimously approved the merger and the merger agreement. Full-time employees 3. I admit, bill williams forex trading strategy softwares to trade cryptocurrency in usa is a tempting narrative. Overall, though, the Financial sector is up At a special meeting of Merrill Lynch stockholders, Merrill Coinbase wallet app supported coins nash decentralized exchange stockholders will be asked to vote on the adoption of the algo trading charges what stock company was pot agreement and certain other matters.
Interest and dividend revenues. Federal funds purchased and securities sold under agreements to repurchase. Upon completion of the merger, Merrill Lynch stockholders will become Bank of America stockholders and their rights as stockholders will be governed by the certificate of incorporation and bylaws of Bank of America. Total interest income. Total noninterest expense. To adopt the merger agreement and to approve the related certificate amendment requires the affirmative vote of the holders of a majority of the outstanding shares of Merrill Lynch common stock entitled to vote. Together with this document, Huobi 3commas whi is there a limit on my coinbase account of America is also sending you a notice of the special meeting and a form of proxy that is solicited by the Bank of America board of directors. Volume 75, The pro forma adjustments are based upon available information and certain assumptions that the Bank of America management believes are reasonable. In connection with its trading and brokerage activities, MLPFS may, from time to time, have a long or short position in, and buy and sell, securities of Merrill Lynch or Bank of America. Consists of payables under repurchase agreements and securities loaned transactions and short-term borrowings. Under the terms of the merger agreement, holders of Merrill Lynch common stock will have the right to receive 0.
Noninterest expense. Corporate staff function cost savings are projected to occur from reduced personnel costs and elimination of duplicative corporate and administrative functions. Under the terms of the merger agreement, holders of Merrill Lynch common stock will have the right to receive 0. Another difference is that the High Yield version contains stocks that have increased their dividends for at least 20 consecutive years while the more popular and widely held Dividend Aristocrat Index has stocks that have increased their dividends for at least 25 consecutive years. If we are not able to achieve these objectives, the anticipated benefits and cost savings of the merger may not be realized fully or at all or may take longer to realize than expected. Add to watchlist. Total loans and leases. Exchange Ratio. You also can obtain information about our companies from documents that each of us has filed with the Securities and Exchange Commission. The recent selloff in stocks has allowed for extremely attractive buying opportunities for financially strong companies, with compelling dividend and earnings growth potential. Quarterly earnings will crush expectations after biggest forecast cut since , Bank of America says Business Insider 3d. Because approval is based on the affirmative vote of a majority of votes represented by shares outstanding, the failure to vote, a broker non-vote or an abstention will have the same effect as a vote against. In considering the factors described above, individual members of the Bank of America board of directors may have given different weights to different factors. The success of the merger will depend, in part, on our ability to realize the anticipated benefits and cost savings from combining the businesses of Bank of America and Merrill Lynch.
The companies included were chosen because they are publicly traded companies with operations that for purposes of analysis may be considered similar to certain operations of Merrill Lynch or Good penny stock stock charts what stocks are in the dow jones transportation index of America, as the case may be. The parties have not entered into any definitive agreements, and there can be no assurance that agreement will be reached with any of the four executives. Trading account liabilities. Diluted earnings loss from continuing operations. These items may have a significant impact on a number of items e. The ability of either Bank of America or Merrill Lynch to predict results or the actual effects of its plans and strategies, or those of the combined company, is subject to inherent uncertainty. Piper Sandler. Flowers provided its opinion for the information of and assistance to the board of directors of Bank of America in connection with its consideration of the merger. You should obtain current market quotations for shares of Bank of America common stock and for shares of Merrill Lynch common stock. Unless Merrill Lynch stockholders specifically request to receive Bank of America stock certificates, the shares of Bank of America stock they receive in the merger will be issued in book-entry form. The pro forma analysis also assumed based upon, among other data, the Expected Cost Savings furnished to MLPFS from Merrill Lynch which data may differ from those provided by Bank of America to its financial advisorscombining technical and fundamental trading strategies pdf indicators dont help with trading.
Automatic Data Processing. Fair value of net assets acquired. Full Name Bank of America Corp. He previously covered bonds for Bloomberg News. The companies included were chosen because they are publicly traded companies with operations that for purposes of analysis may be considered similar to certain operations of Merrill Lynch or Bank of America, as the case may be. Corporate Staff Functions. If the merger is completed, Merrill Lynch will survive as a consolidated subsidiary of Bank of America, and Merrill Lynch common stock will no longer be publicly traded. Views Read Edit View history. Bank of America is a Delaware corporation, a bank holding company and a financial holding company under U. Total noninterest income. Merrill Lynch officers and directors have financial interests in the merger that differ from the interests of Merrill Lynch stockholders. These prices are irrational and are impossible to justify.
The following table sets forth for Bank of America common stock and Merrill Lynch common stock certain historical, pro forma and pro forma-equivalent per share financial information. Maybe U. More airlines sought U. He is also a CFA charterholder. All holders of Merrill Lynch common stock and holders of exchangeable shares, including holders of record and stockholders who hold their stock through banks, brokers, nominees or any other holder of record, are invited to attend the special meeting. Franklin Resources. Treasury pursuant to which it will issue to the U. The ability of either Bank of America or Merrill Lynch to predict results or the actual effects of its plans and strategies, or those of the combined company, is subject to inherent uncertainty. Upon completion of the merger, Merrill Lynch stock options, restricted shares, restricted share units, capital accumulation units, referred to as cap units, and deferred equity units that are outstanding immediately before completion of the merger will become stock options, restricted shares, restricted share units, cap units and deferred equity units, respectively, of or on shares of Bank of America common stock. Stock price changes may result from a variety of factors, including general market and economic conditions, changes in our respective businesses, operations and prospects, and regulatory considerations. As the housing market soared in the first years of the 21st century, so too did Bank of America stock price. The following table shows unaudited pro forma combined financial information about the financial condition and results of operations, including per share data and financial ratios, after giving effect to the merger. The opinion is for the use and benefit of the Merrill Lynch board of directors, does not address the merits of the underlying decision by Merrill Lynch to engage in the merger and does not constitute a recommendation to any stockholder as to how such stockholder should vote on the merger or any matter related thereto. MLPFS may continue to provide financial advisory and investment banking services to Merrill Lynch and MLPFS would expect to receive customary fees and underwriting commissions for the rendering of such services. Q: If my shares are held in street name by my broker, will my broker automatically vote my shares for me? Using the foregoing criteria and assumptions, MLPFS calculated the following range of implied equity values per share of Merrill Lynch common stock:. Diluted earnings. Some of the financial analyses summarized below include information presented in tabular format. Appraisal rights are statutory rights that, if applicable under law, enable stockholders to dissent from an extraordinary transaction, such as a merger, and to demand that the corporation pay the fair value for their shares as determined by a court in a judicial proceeding instead of receiving the consideration offered to stockholders in connection with the extraordinary transaction.
The purpose of the special meeting is to vote on:. Approval of the issuance of Bank of America common stock and the amendment to the Key Associate Stock Plan, as amended and restated, which we refer to as the Stock Plan, each requires the votes cast in favor of each such proposal to exceed the votes cast against such proposal at the special meeting, assuming a quorum. All rights reserved. Merrill Lynch senior management apprised the Merrill Lynch board of directors of its due diligence investigations of Bank of America. Certain members of management of MLPFS are also members of management of Merrill Lynch and have interests in the merger that are different from, or in addition to, the interests of stockholders of Merrill Lynch. Deutsch Edit links. Discover new investment ideas by accessing unbiased, in-depth investment research. Merrill Lynch and Bank of America may mutually agree to terminate the merger agreement before completing the merger, even after stockholder approval, as buy ethereum classic reddit cashing out on coinbase uk as the termination is approved by each of the Merrill Lynch and Bank of America boards of directors. BAC is up 9. Volatility and time are two of most important pricing components with options. Buy cryptocurrency in the us lmfx vs coinbase you hold stock in your name as a stockholder of record, you may complete, sign, date and mail your proxy card in the enclosed postage paid return envelope as soon as possible, vote by calling the toll-free number listed on the Merrill Lynch proxy card, vote by accessing the internet site listed on the Merrill Lynch proxy card or vote in person at the Merrill Lynch special meeting. In the absence of a quorum, the special meeting may be adjourned by the approval of the majority of the voting power of the outstanding shares present and entitled to vote at the special meeting. Add Close. Previous Close The option is not exercisable until and unless specified events relating to a competing business combination offer take place. These amounts do not include the possible impacts of revenue opportunities. In addition, as explained in more detail in the accompanying notes to the unaudited pro forma condensed combined financial information, the preliminary allocation of the pro forma purchase price reflected in the unaudited pro forma condensed combined financial information is subject to adjustment and may vary significantly from the actual purchase price allocation that will be recorded upon completion of the merger. The Merrill Lynch board of directors believes that the merger is in the best interests of Merrill Lynch and its stockholders and has unanimously approved the merger and the merger agreement and the related certificate amendment. The opinion and financial analyses of MLPFS were only one of many factors considered by Merrill Lynch aixs bank forex limit extend where to buy forex board its evaluation of the merger and should not be viewed as determinative of the views of Copyfunds etoro how to pick day trade stocks Lynch with respect to the merger or the exchange ratio. Because the required vote is based on the votes cast in favor of such proposal exceeding the votes cast against carry trade futures strategy short two weeks course in oil and gas trading proposal, your failure to vote, a broker non-vote or an abstention will not be treated as a vote cast and, therefore, will have no effect on these proposals, assuming a quorum. JPMorgan Chase. The merger is subject to the receipt of consents and approvals from government bac stock dividend before 2008 covered call company bought out by other that may impose conditions that could have an adverse effect on the combined company following the merger.
Basis of Pro Forma Presentation. For years, Bank of America wanted to live up to its name and become the biggest bank in the country. Net charge-offs as a percentage of average loans and leases outstanding measured at historical cost 3,4. You should consult your tax advisor to determine the tax consequences of the merger to you. Flowers and FPK to the effect that, as of the date of the opinion and based upon and subject to the assumptions made, methodologies used, factors considered and limitations upon its review described in its opinion and such other matters as J. MER Merger Corporation. We currently. Flowers and FPK considered relevant, the exchange ratio to be paid by Bank of America was fair, from a financial point of view, to Bank of America;. This document contains or incorporates by reference a number of forward-looking statements, including statements about the financial conditions, results of operations, earnings outlook and prospects of Bank of America, Merrill Lynch and the potential combined company and may include statements for the period following the completion of the merger. The Bank of America board of directors has unanimously approved and adopted the merger agreement and the transactions it contemplates, including the merger. The fact that any specific analysis has been referred to in the summary above or in this document is not meant to indicate that such analysis was given more weight than any other analysis. Transaction Multiples Analysis. Preliminary estimates of the fair values of the intangibles were based on discounted present value of future cash flows resulting from the existing customer relationships including consideration of potential attrition in these relationships. Our Marketplace service, Hidden Dividend Stocks Plus , focuses on undercovered, undervalued income vehicles, and special high yield situations.