Merrill Lynch gets $6.6 billion infusion
The firm received the sum from selling preferred shares to a group of global investors.
In the wake of a subprime meltdown that resulted in $8.4 billion of writedowns for Merrill Lynch & Co., the firm has received $6.6 billion from selling preferred shares to a group of global investors.
The buyers include the Kuwait Investment Authority, Japan's Mizuho Financial Group Inc., the Kor
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