TITLE

BofA's New M&A Push

PUB. DATE
February 2005
SOURCE
Investment Dealers' Digest;2/21/2005, Vol. 71 Issue 7, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Bank of America Corp. (BofA), which fell five rungs on the US. M& rankings ladder in 2004, may soon be announcing a new post at the firm, head of U.S. M&A, which would likely be filled by former Goldman Sachs managing director Andrew Bednar. Whether or not Bednar is climbing on board, one direction is becoming clear at BofA: It wants to emphasize a commitment to bolster its investment banking effort, including M&A, as it strives to make inroads into larger deals. In recent weeks, however, the bank has made progress by landing such M&A deals as advising insurer MetLife in its $11.5 billion acquisition of Citigroup's Travelers Life & Annuity unit.
ACCESSION #
16201903

 

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