BofA to Buy Merrill for $50 Bn, Lehman Seeks Chapter 11
Ending talks to buy Lehman Brothers Holdings
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Lehman Brothers announced that it would seek Chapter 11 bankruptcy protection after failing to find a willing buyer.
By 1 am Eastern, Dow futures had plunged more than 330 points.
Be sure to check TradingMarkets.com all day today for further updates on the fallout from Lehman Brothers, Merrill Lynch, and the rest of the financial sector. We’ll keep you up to minute on the stocks – and ETFs – you need to know in order to stay ahead of the markets. Click here to subscribe to TradingMarkets 7 ETFs You Need to Know for Today.
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