Merrill Lynch – smart or stupid ?
Posted on July 29th, 2008 in CDO's., John Thain, MER, Merrill Lynch, Temasek
Merrill Lynch unloaded some $30.6 Billion in distressed CDO’s for 22c/$ to Lone Star, and issued $8.5 Billion in equity. The biggest buyer was Singapore’s Sovereign wealth fund – to the tune of $3.4 Billion. I think that while John Thain wanted to get Merrill on track as quickly as possible, twenty two [...]
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Published by Bapcha Murty // Comment now »
