MBNA Gains on Acquisition News

Boeing rises after electing new chairman and CEO; Morgan Stanley elects John Mack as CEO; plus more of Thursday's stocks in the news

Bank Of America (BAC ) agrees to acquire MBNA (KRB ) in a deal valued at $35 billion, or $27.50 per share. Terms of the agreement give MBNA shareholders get 0.5009 Bank of America share and $4.125 cash per share. Bank of America sees annual cost savings of $850 million and a restructuring charge of $1.25 billion.

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