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Thursday, March 28, 2024 | Back issues
Courthouse News Service Courthouse News Service

Shareholders Challenge Merrill Lynch Sale

WILMINGTON, DEL. (CN) - Merrill Lynch's $50 billion sale to Bank of America for about $29 per share significantly undervalues the company, which is worth more than $1 trillion, shareholders say in Chancery Court. The class's lead counsel is Seth Rigrodsky with Rigrodsky & Long.

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