BofA-Merrill deal to close in 3-4 months: report
NEW YORK (Reuters) - The sale of Merrill Lynch to Bank of America is expected to close within three or four months, CNBC reported Sunday.
Merrill Lynch's board of directors voted unanimously to close the deal, according to CNBC.
Merrill CEO John Thain and Bank of America CEO Ken Lewis are to present the deal in conference call and news conference, CNBC reported. Thain's role in the merged company is still undetermined.
The Merrill Lynch name may only be preserved in private wealth business, according to CNBC.
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