Report title: BofA/Countrywide Merger: Catching a Falling Tomahawk Missile?
from CreditSights
7541 word report published Jun 25, 2008

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Abstract: We review the shareholder value added propositions that drive BofA to close its deal with Countrywide. Driving BofA stock drives the Countrywide bondholder valuations.

Brief Excerpt: BofA/Countrywide Merger: Catching a Falling Tomahawk Missile? BofA/Countrywide near closing, but why is the big bank taking the upfront shareholder value added risk Deposit growth options via thrift, but more likely commercial banks...

Report Type: Company Article
Source: CreditSights Inc
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CreditSights is an independent research platform comprised of a team of analysts with both buy-side and sell-side experience in the U.S. and overseas. CreditSights' research focuses on global corporate and sovereign issuers, which have securities that are actively traded in the corporate bond, credit derivatives and/or equity-linked markets. Sector coverage is broad-based and includes telecom, technology, and media; autos and general industrials; utilities and energy; financial services; commodity cyclicals; retail and consumer products; and aerospace and defense. Emerging markets coverage includes the major Latin American, Asian and Eastern European countries. The focus of CreditSights research is to help investors make decisions by distilling and interpreting significant developments and specific events affecting individual companies, industries, or the securities markets as a whole.
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