Yesterday, Merrill Lynch agreed to selling itself to Bank of America at US$50 billion. This is around US$29 per share. Should Singapore's Temasek Holdings were to sell off all its 13% to 14% shares on Merrill Lynch to Bank of America, Temasek is set to benefit around 1.5 billion. Temasek's average share price on Merrill Lynch is around US$23 to US$24.
Merrill takeover may be a boon for Temasek
http://www.busrep.co.za/index.php?fArticleId=4613430&fSectionId=552&fSetId=662
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