September 14, 2008
What does this story have to say about the price discovery of Merrill Lynch? “The $29 a share purchase price would be 70 percent more than Merrill's closing price of $17.05 in New York trading on Sept. 12.” Could this be an indication that the price of Merrill was raided by short seller’s intent on manipulating the price through a predatory trade strategy presently being ignored by the SEC?
Copyrighted material redacted. Author reference the following article: Jonathan Keehner and Bradley Keoun, Bank of America Said to Reach $44 Billion Deal to Buy Merrill, Sept. 14, 2008