Buffett/BoA

Buffett endorsement bolsters BoA Merrill shares

Buffett's $5 billion investment in Bank of America Merrill Lynch is just the fillip stock markets need, despite specialists' mixed reception to the cash injection.
<div style="text-align: left;"> Buffett lends a helping hand to BoA Merrill (AFP) </div>
<div style="text-align: left;"> Buffett lends a helping hand to BoA Merrill (AFP) </div>
August 29, 2011

Bank of America Merrill Lynch shares bucked losses on Friday after Warren Buffett struck a deal to invest in $5 billion worth of preferred stock with warrants to buy 700 million BoA Merrill shares at $7.14 a share.

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