Sent to you by MarcG via Google Reader:
via EdgeSingapore RSS on 5/14/09
Temasek Holdings realised a US$4.6 billion ($6.7 billion) loss on its investment in Merrill Lynch & Co. after selling its holding in Merrill's owner Bank of America Corp., The Wall Street Journal reported, citing people familiar with the matter, reported Bloomberg.
Temasek, Singapore's state-owned investment company, sold its Bank of America stake at an average US$7 a share in tranches to multiple buyers, the report said.
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