Company Overview of Merrill Lynch & Co., Inc.
As of October 1, 2013, Merrill Lynch & Co., Inc. was acquired by Bank of America Corporation. Merrill Lynch & Co. Inc., through its subsidiaries, provides investment, financing, and other related services to individuals and institutions in the United States and internationally. The company conducts selling and trading activities, and acts as a market maker in securities, derivatives, currencies, and other financial instruments; distributes fixed income, currency, commodity and equity products, and derivatives; and provides financing, securities clearing, settlement, and custody services, as well as engages in principal investing activities. It also assists clients in raising capital through ...
4 World Financial Center
250 Vesey Street
New York, NY 10080
Founded in 1914
Key Executives for Merrill Lynch & Co., Inc.
Merrill Lynch & Co., Inc. does not have any Key Executives recorded.
Merrill Lynch & Co., Inc. Key Developments
Merrill Lynch Faces Class Action for Role in Zale Buyout
Oct 1 15
Merrill Lynch must defend its role in the USD 690 million sale of the Zale Corp. jewelry chain after a judge refused on October 1, 2015 to dismiss a shareholder class action that alleged the deal short-changed investors. The preliminary ruling by the Delaware Court of Chancery, a premiere venue for shareholder lawsuits, found Merrill Lynch could have aided the Zale board breach their duties to investors. It is the latest ruling by the court that potentially exposes a Wall Street bank to damages in a merger deal. Zale agreed in 2014 to be acquired by rival Signet Jewelers for USD 21 per share, or USD 690 million. TIG Advisors, which held nearly 10% of Zale stock, called the deal grossly unfair and shareholders only narrowly approved the sale. Soon after the deal was announced, shareholders filed a class action challenging the deal price and named as defendants Zale's board, Signet and Merrill, a unit of Bank of America. The ruling by Vice Chancellor Donald Parsons dismissed the Zale board and Signet as defendants. However, Parsons found Merrill could be liable to shareholders because it failed to disclose potential conflicts. Merrill Lynch never told Zale's board that a month before it was hired by the board the bank made a presentation to Signet's chief financial officer about acquiring Zales for USD 17 to USD 21 a share. Like Merrill with Zale, RBC was alleged to have aided the Rural/Metro board breach its duty to shareholders. The Delaware Supreme Court heard oral arguments this week by RBC seeking to overturn that ruling, which has prompted many shareholders to expand their class actions beyond board members to include deep-pocketed investment banks as defendants.
Shawbrook Group plc Appoints Bank of America Merrill Lynch, Goldman Sachs International and Macquarie Capital (Europe) Limited as Its Joint Corporate Brokers
Jul 31 15
Shawbrook Group plc announces that it has appointed Bank of America Merrill Lynch, Goldman Sachs International and Macquarie Capital (Europe) Limited as its joint corporate brokers with immediate effect.
Bank of America Merrill Lynch Announces Executive Changes
Jul 23 15
Jason Cox left his position as Bank of America Merrill Lynch's co-head of Asia-Pacific global capital markets. Cox, who has been with BofA Merrill Lynch for more than a decade, will remain in the industry and is, at present, on gardening leave. Peter Guenthardt replaced Fleming as co-head of Asia Pacific global capital markets in March 2014, while Fleming was appointed head of BofA's U.K. equity capital markets team.
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