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Saturday, August 11, 2012 8:49:54 AM
Julius Baer Near Deal to Buy Merrill Lynch Unit
Today : Saturday 11 August 2012
Swiss money manager Julius Baer Holding AG (BAER.VX) is nearing a deal to buy Bank of America Corp.'s (BAC) Merrill Lynch international wealth management business, according to media reports early Friday.
A deal, for the non-U.S. arm of the Merrill Lynch business, could be announced as soon as Monday, CNBC's Kate Kelly reported. Bloomberg News, on its website, also reported that a deal could be unveiled Monday, citing two people familiar with the matter. A spokesmen for Julius Baer and Merrill Lynch wealth management both declined comment to Bloomberg
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