Re: Bond Trading
Can I get a Hoo-Hah two times Tuesday?!
Bank of America to Invest
$2 Billion in Countrywide
By VALERIE BAUERLEIN
August 22, 2007 5:47 p.m.
Bank of America Corp. is making a $2 billion equity investment in Countrywide Financial Corp., the embattled mortgage giant, according to people familiar with the situation.
Bank of America will purchase $2 billion worth of preferred Countrywide stock yielding 7.25%, and that can be converted into common stock at $18 a share, those people said.
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