Merrill Lynch to acquire First Republic Bank for $1.8B

News Type: Event — Seeded on Mon Jan 29, 2007 10:11 AM EST

Article Source: CNN

business, wall-street, bank, buy-out, merill-lynch, first-republic

Merrill Lynch & Co. Inc. said Monday it will buy First Republic Bank, which specializes in luxury home lending, for $1.8 billion.

First Republic (down $0.22 to $38.30, Charts) shares soared more than 40 percent in pre-market trade.

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Merrill Lynch to acquire First Republic Bank for $1.8B

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