Report title: Merrill Lynch: Clearing CDO Cobwebs, Can Investors be Constructive?
from CreditSights
1745 word report published Jul 29, 2008

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Abstract: Merrill Lynch takes mark ($5.7 billion) and reduces its ABS CDO exposures by selling CDOs, terminating/negotiating settlement related to CDO hedges. Announces new capital offering of up to $9.8 billion.

Brief Excerpt: Merrill Lynch: Clearing CDO Cobwebs, Can Investors be Constructive? Merrill Lynch takes markdown on its ABS CDOs ($5.7 billion) and reduces its ABS CDO exposures Actions include: selling ABS CDOs to Lone Star Capital affiliate, terminating...

Report Type: Company Article
Source: CreditSights Inc
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