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Tuesday, September 16, 2008

Temasek Holdings to Gain 1.5 Billion from Merrill Lynch Sale

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

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