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Friday, 01/11/2008 11:54:16 AM

Friday, January 11, 2008 11:54:16 AM

Post# of 683
Under the terms of the deal, shareholders of the Calabasas, Calif.-based Countrywide would receive 0.1822 of a share of Bank of America stock in exchange for each share of Countrywide. Based on where Bank of America's stock closed Thursday, the deal is valued at $4 billion, a 7.6 percent discount to Countrywide's closing price.


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