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Reuters: Merrill may get $5 billion for Bloomberg stake: report

Started by chris, July 09, 2008, 12:41:07 PM

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chris

Merrill may get $5 billion for Bloomberg stake: report
      


(Reuters) - A blind trust run by New York City Mayor Michael Bloomberg is willing to pay between $4.5 billion and $5 billion to buy Merrill Lynch & Co's  20 percent stake in financial news and data provider Bloomberg LP, the New York Post reported, citing sources.
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