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When I saw UBS might sell Paine Webber...

Started by Biggus Piggus, June 27, 2008, 12:17:40 pm

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Biggus Piggus

June 27, 2008, 12:17:40 pm
I thought, There's still a Paine Webber?
[CENSORED]!

Masshog

June 27, 2008, 04:27:43 pm #1
Now, thats funny... unless you happen to work there!  ;D
My feets hurt.
 

BlackKnightHogFan

June 27, 2008, 04:43:08 pm #2
ML looking to dump Blackrock too, didn't they just buy them?
Upon the fields of friendly strife are sown the seeds that upon other fields; on other days, will bear the fruits of victory.  -Douglas MacArthur

Member #:  9524

PorkRyan

June 28, 2008, 02:01:19 pm #3
Quote from: BlackKnightHogFan on June 27, 2008, 04:43:08 pm
ML looking to dump Blackrock too, didn't they just buy them?

It was an asset swap.  Blackrock received Merrill's mutual fund company, MLIM, and in turn Merrill received 49% of Blackrock.

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