(Bloomberg) -- Merrill Lynch & Co. backed away from
a threat to dump about $850 million of securities it seized from
Bear Stearns Cos. hedge funds, according to people with knowledge
of the firm's plans.
Merrill sold a small portion of the collateralized debt
obligations through an auction, said the people, who declined to
be identified because the details haven't been announced. The
firm plans to hold onto the remaining securities for now, one
person said, without being more specific.
Read more at Bloomberg Bonds News
a threat to dump about $850 million of securities it seized from
Bear Stearns Cos. hedge funds, according to people with knowledge
of the firm's plans.
Merrill sold a small portion of the collateralized debt
obligations through an auction, said the people, who declined to
be identified because the details haven't been announced. The
firm plans to hold onto the remaining securities for now, one
person said, without being more specific.
Read more at Bloomberg Bonds News
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