(Bloomberg) -- Merrill Lynch & Co. backed away from
its threat to dump about $850 million of securities it seized
from Bear Stearns Cos. hedge funds, according to a person with
knowledge of the firm's plans.
Merrill Lynch sold a small portion of the collateralized
debt obligations through an auction, said the person, who
declined to be identified because the decision hasn't been
announced. The firm plans to hold onto the remaining securities
for now, the person said.
Read more at Bloomberg Bonds News
its threat to dump about $850 million of securities it seized
from Bear Stearns Cos. hedge funds, according to a person with
knowledge of the firm's plans.
Merrill Lynch sold a small portion of the collateralized
debt obligations through an auction, said the person, who
declined to be identified because the decision hasn't been
announced. The firm plans to hold onto the remaining securities
for now, the person said.
Read more at Bloomberg Bonds News
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