Leading Proxy Advisory Firm ISS/RiskMetrics Group Recommends Countrywide Stockholders Approve Acquisition by Bank of America
13 June 2008 - 5:59AM
PR Newswire (US)
CALABASAS, Calif., June 12 /PRNewswire-FirstCall/ -- Countrywide
Financial Corporation (NYSE:CFC) announced today that
ISS/RiskMetrics Group recommends that Countrywide stockholders vote
FOR the company's proposed merger agreement with Bank of America
(NYSE:BAC) at its special stockholder meeting on June 25, 2008.
About Countrywide Founded in 1969, Countrywide Financial
Corporation is a diversified financial services provider and a
member of the S&P 500, Forbes 2000 and Fortune 500. Through its
family of companies, Countrywide originates, purchases,
securitizes, sells, and services residential and commercial loans;
provides loan closing services such as credit reports, appraisals
and flood determinations; offers banking services which include
depository and home loan products; conducts fixed income securities
underwriting and trading activities; provides property, life and
casualty insurance; and manages a captive mortgage reinsurance
company. For more information about the Company, visit
Countrywide's website at http://www.countrywide.com/. Additional
Information About this Transaction In connection with the proposed
merger, Bank of America has filed with the SEC a Registration
Statement on Form S-4 that includes a proxy statement of
Countrywide that also constitutes a prospectus of Bank of America.
Countrywide has mailed the proxy statement/prospectus to its
stockholders. Bank of America and Countrywide urge investors and
security holders to read the proxy statement/prospectus regarding
the proposed merger because it contains important information. You
may obtain copies of all documents filed with the SEC regarding
this transaction, free of charge, at the SEC's website
(http://www.sec.gov/). You may also obtain these documents, free of
charge, from Bank of America's website
(http://www.bankofamerica.com/) under the tab "About Bank of
America" and then under the heading "Investor Relations" and then
under the item "SEC Filings". You may also obtain these documents,
free of charge, from Countrywide's website
(http://www.countrywide.com/) under the tab "Investor Relations"
and then under the heading "SEC & other filings." Bank of
America, Countrywide and their respective directors, executive
officers and certain other members of management and employees may
be soliciting proxies from Countrywide stockholders in favor of the
merger. Information regarding the persons who may, under the rules
of the SEC, be considered participants in the solicitation of the
Countrywide stockholders in connection with the proposed merger is
set forth in the proxy statement/prospectus filed with the SEC. You
can find information about Bank of America's executive officers and
directors in its definitive proxy statement filed with the SEC on
March 19, 2008. You can find information about Countrywide's
executive officers and directors in Amendment No. 1 to its Annual
Report on Form 10-K/A filed with the SEC on April 24, 2008. You can
obtain free copies of these documents from Bank of America and
Countrywide using the contact information above. DATASOURCE:
Countrywide Financial Corporation CONTACT: investors, David Bigelow
or Lisa Riordan, +1-818-225-3550, or media, 1-800-796-8448, all of
Countrywide Financial Corporation Web site:
http://www.countrywide.com/
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