Fleetboston Financial NewsNews on Fleetboston Financial continually updated from thousands of sources around the net.BofA to Pay $4.1B to Buy Countrywide- January 12, 2008 "Their balance sheet can take a shock much better than Countrywide" Bank of America said Friday it will buy Countrywide Financial for $4.1 billion in stock, a deal that rescues the country's biggest mortgage lender and expands the financial services empire of the nation's largest consumer bank.The acquisition will make Charlotte-based Bank of America Corp. the nation's biggest mortgage lender and loan servicer.Bank of America said it initially plans to operate Countrywide separately under the..http://www.topix.net/com/fbf/2008/01/bofa-to-pay-4-1b-to-buy-countrywide?fromrss=1 |