Merrill Lynch to be delisted from TSE on Dec. 25.
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, Bank of America 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.
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|Publication:||Japan Weekly Monitor|
|Date:||Dec 15, 2008|
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