Merrill (MER) Goes To Wachovia (WB) About Merger

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The New York Times reports that Stan O’Neal, the CEO of Merrill Lynch (MER) approached Wachovia (WB) about a potential merger of the firms.

The board of Merrill was upset because it was not consulted.

Still, given the broker’s current position, it seems like a sensible thing to have done.

Douglas A. McIntyre