Merrill buys First Republic to beef up banking services

Article Abstract:

Merrill Lynch and Company Inc. of the United States is to acquire First Republic Bank of the United States for approximately $1.8 billion. The acquisition will give Merrill Lynch and Company Inc. an elite private banking firm and a commercial bank with 43 branches. Share bid offer was $55 per share, a 44 percent premium on First Republic Bank share close on Friday of $38.30.

Commercial Banks, Banking industry, Merrill Lynch & Company Inc., Financial report, First Republic Bank, FRC

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Chicago deal could force rivals' hands; second city pact might pressure exchanges world-wide to unite; NYSE weighed bids for CBOT

Article Abstract:

The planned merger of the Chicago Board of Trade and Chicago Mercantile Exchange Holdings Inc. is putting pressure on other exchanges in the United States and Europe to pursue their own mergers. The New York Stock Exchange, which previously considered a merger with the Chicago Board of Trade, has agreed to merge with Euronext N.V. , but the deal has yet to be voted on.

Security and Commodity Services, Commodity contracts brokers, dealers, Netherlands, New York Stock Exchange Inc., Euronext N.V., Commodities industry, Board of Trade of the City of Chicago, Chicago Mercantile Exchange Holdings Inc., CME

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