Bank of America's buyout of Merrill Lynch clears HSR waiting period

By Lisa Kerner

Charlotte, N.C., Oct. 15 - The Federal Trade Commission granted early termination of the Hart-Scott-Rodino waiting period in the proposed merger of Bank of America Corp. and Merrill Lynch & Co., Inc., a government statement said.

On Sept. 15, Bank of America announced it would buy New York-based investment firm Merrill Lynch in a $50 billion all-stock transaction.

Bank of America, based in Charlotte, N.C., said it will exchange 0.8595 shares of its common stock for each Merrill Lynch common share.

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