First Republic Bank/Merrill Lynch: Decision Due Date Moved Forward
This development indicates that the companies did in fact respond to the latest round of OTS comments within the last two weeks. This marks the end of the third comment/response cycle in this case, which is somewhat unusual in OTS merger reviews over the last few years.
Assuming this is the final comment/response phase, the OTS decision will most likely be issued by mid-September. However, there obviously exists a possibility that the OTS will again request further information from the companies which would in all likelihood push the review into October.
Again, the current expectation is for OTS approval during September. If this does occur, the companies should be able to complete the deal before the end of the third quarter of this year.
Disclosure: We have no positions of any kind, in any security. We are a completely neutral source of research and analysis.
- Fed Watch: Just the Timing Is In Doubt »
- When Hedgies Attack: Morgan Stanley Drops 40% on Rumors »
- Acuity Brands, Inc. F4Q08 (Qtr End 08/31/08) Earnings Call Transcript »
- Bank of America Corporation Q3 2008 Earnings Call Transcript »
- New UK Regulations Must Include Mechanism For Understanding Asset Risks »
Get Seeking Alpha Free Stock Alerts by Email!
Get Free Stock Alerts by Email!
ETFs In Focus
-
Editor's Picks
-
Most Popular
- How Bad Is the Federal Reserve's Balance Sheet?
- The Burst Commodities Bubble
- Four Ways to Protect Money During the Fallout
- Cap-and-Trade in the U.S.
- Of October CDS Auctions and Helicopter Ben
- Big Troubles for the Euro
- Full list of Editor's Picks »
- Cramer: Dow Could Drop Another 14%, Oil's Going to $50 »
- 36 Opportunities for the Beginning of the Bull »
- iPhone Sales Drastically Surpass Q4 Consensus; Apple Reaches 10m Goal »
- Cash Position Best for Apple Investor »
- Why Is Everybody Selling as Buffett Is Loading Up? »
- 25 Cash Cows to Ride Out the Storm- Barron's »
- 3 Stocks That Are Begging To Be Bought »
- The Cramer Crash? »
- Bill Ackman Piled Into Wachovia and AIG Shares »
- Four Energy Bargains »
- Surviving the Financial Nuclear Winter »
-
Long Ideas
-
Short Ideas
-
Cramer's Picks
- @VIC: Mohnish Pabrai the Dhandho Investor - Interesting Times, Interesting Opportunities
- It Is Darkest Before Dawn
- Intel: Consistent Strength
- Four Ways to Protect Money During the Fallout
- Market Jitters Enable Even Small Investors to Get a Piece of BUD
- Attractive Values - Fast Money Recap (10/7/08)
- Another Analyst Likes Capstone
- Dell Looks Cheap
- @VIC: Jeffrey Schwartz of Metropolitan Capital Advisors- Taking What the Defense Gives You
- Fear, Panic & Opportunity in the Markets
- Full list of Long Ideas »
- Global Financial Crisis Makes Oil a Great Hedge
- Michael Page International: Stock Down on Market Weakness
- Gaming Stocks Still a Poor Bet - Barron's
- After Coming Rate Cuts, Some Appealing Short ETFs
- M/I Homes: Common Share Price Perplexing
- Trading ERO This Week
- Talk Me Down From the Wells Fargo Ledge
- SKF Regaining Its Old Form?
- Continuing Haircut in DST's Investment Portfolio
- Fortis and Bradford and Bingley Banks Thrown Lifelines
- Full list of Short Ideas »
- Chocolate Lover - Cramer's Mad Money (10/7/08)
- Yield is King - Cramer's Lightning Round (10/7/08)
- Goldman Disses Solar - Cramer's Stop Trading ! (10/7/08)
- Time to Hoard Cash - Cramer's Mad Money (10/6/08)
- Buyers On Strike - Cramer's Stop Trading! (10/6/08)
- Still Bullish on RIMM - Cramer's Lightning Round (10/6/08)
- The Cramer Crash?
- Cramer: Dow Could Drop Another 14%, Oil's Going to $50
- Musical Chairs - Cramer's Mad Money (10/3/08)
- Not Much to Recommend - Cramer's Lightning Round (10/3/08)
- Full list of Cramers Picks »
Trading Center
Hedge Fund Jobs
Job Seekers: Search jobs by category, get job alerts by email or live feed, apply online See full list of jobs »
Employers: See all recruitment options, get applications online or by email Post a job »


