Merrill Agrees Takes Another $5.7 billion Loss
-Selling $30.6 billion of mortgage related securities at 22 cents on the dollar, which will be an additional write-down of $5.7 billion
-$46 billion in write-downs since June of 2007
-Will issue another $8.5 billion in common stock which will dilute existing shareholders by 38%
-Lone Star, a private equity firm, is paying $6.7 billion for the $30.6 billion in assets. Merrill itself will finance 75% of the $6.7 billion
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