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2008/1/11-12 [Uncategorized] UID:48930 Activity:nil |
1/10 BAC to buy CFC for $4B in stock swap. Sale completed in 3Q, pending shareholder approval. If approved, CFC preferred shareholders to be paid first. If not approved, Ch. 11 bankruptcy and BAC to have first pick of CFC assets, with FHLB eating losses after shareholders. Yay! |