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Diverging Motives

Perspectives Content Submission

Wed, 16 Mar 2011

When Bank of America (BofA) announced in October 2003 that it would acquire FleetBoston Financial, the total value of BofA’s outstanding stocks fell from $122 billion to $113 billion one week after the announcement while the value of FleetBoston’s stocks rose by about the same amount from $33.5 bil

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