http://news.bbc.co.uk/1/hi/business/7616068.stm
Merrills is sold to Bank of America for $50bn.
ML has been doing big write downs this year and were speculated to be the next most vunerable after Lehmans.
Bank of America will pay $29 per share - I used to work for this outfit so I know lots of people who have lost loads on their stocks.
LOL - Oh well, happy days.
