Julius Baer Close to Deal to Buy Merrill Lynch Non-U.S. Wealth Unit -Reports
10 August 2012 - 11:44PM
Dow Jones News
Swiss money manager Julius Baer Holding AG (BAER.VX) is nearing
a deal to buy Bank of America Corp.'s (BAC) Merrill Lynch
international wealth management business, according to media
reports early Friday.
A deal, for the non-U.S. arm of the Merrill Lynch business,
could be announced as soon as Monday, CNBC's Kate Kelly reported.
Bloomberg News, on its website, also reported that a deal could be
unveiled Monday, citing two people familiar with the matter. A
spokesmen for Julius Baer and Merrill Lynch wealth management both
declined comment to Bloomberg.
Full story at:
www.bloomberg.com/news/2012-08-10/julius-baer-said-near-deal-to-buy-merrill-non-u-s-wealth-units.html;
and www.cnbc.com
Write to nymonitoring@dowjones.com
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