a. Having just purchased Countrywide Mortgage, why would Bank of America want to take on another large acquisition at a time of such financial turmoil?
b. Why was an all-share deal rather than an all-cash deal for Merrill Lynch better for Bank of America?
c. Did Ken Lewis look out for the best interests of BoA’s shareholders, or was he, as critics have claimed, just an “empire builder”? Defend your position.
d. Would Bank of America have been better off not buying Merrill Lynch? Why or why not?