$50 billion worth of dice

[Joelle]

$50 billion worth of dice
      


Bank of America lost $33 billion in market value on Monday after it unveiled its $50 billion acquisition of Merrill Lynch, as investors tried to absorb the surprise announcement and weigh the implications of the most turbulent financial markets in decades.
“They paid a full price at a time when [financial] stocks are tanking. The deal [...]
         

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