(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 a person with
knowledge of the firm's plans.
Merrill 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, 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 a person with
knowledge of the firm's plans.
Merrill 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, without being more specific.
Read more at Bloomberg Bonds News
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