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With bids for Columbia Management closer to $2B than the $3B it wants, BoA (NYSE:BAC) may break...

Jul. 01, 2009 7:36 AM ETBank of America Corporation (BAC) StockBAC, BLK, BCSBy: Rachael Granby, SA News Editor
With bids for Columbia Management closer to $2B than the $3B it wants, BoA (NYSE:BAC) may break the asset manager into two pieces to boost results. The tepid bids come after BlackRock (NYSE:BLK), the most likely suitor, opted to buy Barclays' (NYSE:BCS) BGI investment unit instead.

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