Bank of America (BAC)'s agreement to buy Merrill Lynch (MER) for about $50B in stock, or...

|About: Bank of America Corporation (BAC)|By:, SA News Editor

Bank of America (BAC)'s agreement to buy Merrill Lynch (MER) for about $50B in stock, or $29/share, is a 70% premium over Friday's closing price. Goldman Sachs (GS) and Morgan Stanley (MS) are now the last of the Big Five still standing.