finanztreff.de, 15 Sep 2008, Costas Paris and John Jannarone Of DOW JONES NEWSWIRES
SINGAPORE (Dow Jones)--Singapore state investment company Temasek Holdings Pte. Ltd. had little say in Merrill Lynch's (MER) surprise decision to be sold to Bank of America (BAC) despite being Merrill's biggest single investor, but may emerge from one of Wall Street's most dramatic crisis relatively unscathed, people familiar with the matter said Monday.
They (Temasek) were not informed of Merrill's plans until late and then had a minimum role in the talks with Bank of America as they don't hold a seat on Merrill's board," one of those people told Dow Jones Newswires.
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Related News:
Temasek May Reap $1.5 Billion Gain From Merrill Lynch Takeover - Bloomberg.com, 15 Sep 08
Merrill deal may ease Temasek pain, but risk remains - Reuters, 15 Sep 08
