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Merrill Lynch to be delisted from TSE on Dec. 25.

TOKYO, Dec. 15 Kyodo

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
Words:85
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