domain-b.com, 16 Sep 2008
Mumbai: Bank of America's $50-billion acquisition of the battetred Merrill Lynch may give Singapore's Temasek, the largest single investor in the US bank, with a 14-per cent stake, a notional $1.5 billion gain on its near $6 billion investment.
Bank of America's offer price, which values Merrill Lynch at $29 a share, may give Temasek some solace. But, for the Singapore government-controlled Temasek and most other sovereign funds, which bet on a financial sector whose troubles were far from over, the risks remain.
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