Bank of America Corp
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Financials : Banks | Large Cap Value
Company profile

Bank of America Corporation is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers and others with a range of banking, investing, asset management and other financial and risk management products and services. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in international markets, provides a range of banking and non-bank financial services and products through four business segments: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and U.S. Trust, Bank of America Private Wealth Management; Global Banking, which provides a range of lending-related products and services; Global Markets, which offers sales and trading services, and All Other, which consists of equity investments, residual expense allocations and other.

Closing Price
$28.99
Day's Change
-0.04 (-0.14%)
Bid
--
Ask
--
B/A Size
--
Day's High
29.10
Day's Low
28.81
Volume
(Light)
Volume:
25,971,555

10-day average volume:
51,914,855
25,971,555

UPDATE: AMD to acquire Xilinx in all-stock deal valued at $35 billion

6:47 am ET October 27, 2020 (MarketWatch)
Print

Advanced Micro Devices Inc. (AMD) said Tuesday it has reached an agreement to acquire Xilinx Inc. in an all-stock deal valued at $35 billion. Xilinx shareholders Will receive 1.7234 share of AMD for each share owned, equal to $143 in cash. AMD shareholders will own about 74% of the net entity, while Xilinx shareholders own the remaining 26%. The deal is expected to close before end 2021. "The combination will create the industry's leading high performance computing company, significantly expanding the breadth of AMD's product portfolio and customer set across diverse growth markets where Xilinx is an established leader," the companies said in a statement. "The transaction is expected to be immediately accretive to AMD margins, EPS and free cash flow generation and deliver industry-leading growth." Xilinx shares jumped 11% premarket on the news, while AMD fell 3.7%.

-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

October 27, 2020 06:47 ET (10:47 GMT)

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