Merrill Lynch to delist on Dec. 25

Kyodo News

Merrill Lynch & Co. said Monday it will be delisted from the Tokyo Stock Exchange on Dec. 25.

The move is in line with the U.S. investment bank's plan to become a wholly owned subsidiary of Bank of America Corp. on Jan. 1.

In September, BoA agreed to buy Merrill Lynch, a major U.S. investment bank hemorrhaging losses arising from the subprime mortgage fiasco.

The major securities house's stock was first listed on the TSE in November 1986.

The Japan Times

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