$21 Billion dollars is the final offer from Bank of America
1pennyStock_dot_com
What do every one think about this buyout? Is it good, bad? Will the
stock increase?
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by: Jack Leeroy - 4/23/07
Chicago, IL. (1pennystock.com) -- Bank of America wants more Customers
and to do that they are willing to pay a generous offer of $21 billion
dollars to LaSalle Bank Corp.
"I think there is a huge opportunity here, but the near-term costs are
what people initially see," said Jefferson Harralson, an equity
analyst with Keefe, Bruyette & Woods Inc. in Atlanta. "Long term, it's
a great strategic move for them."
"Chicago is attractive to us," Bank of America Chairman and Chief
Executive Ken Lewis "The opportunity arose and we acted."
Those 2 banks combine together will surpass the leader JPMorgan Chase
& Co. in the United States.
"We will not plan on changing our retail deposit strategy," Lewis.
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