Merrill sold small portion of Bear CDOs
Merrill Lynch & Co. Inc. today backed away from a threat to dump about $850 million of securities it seized from Bear Stearns hedge funds.
Merrill Lynch & Co. Inc. today backed away from a threat to dump about $850 million of securities it seized from Bear Stearns Cos. hedge funds.
New York-based Merrill sold only $100 million out of $850 million of the collateralized debt obligations (CDOs) through an auction, according to Reuters.
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