BofA (BAC) Commences Tender for MBIA, Inc. (MBI) Notes
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BofA Move on MBIA (MBIA) Is an Admission - MKM
November 14, 2012 10:54 AM ESTShares of MBIA Inc. (NYSE: MBI) are recovering early Wednesday after being slammed 19 percent Tuesday amid news that Bank of America (NYSE: BAC) has commenced an offer to purchase all of MBIAs outstanding 5.7% Senior Notes due in 2034 in response to MBIA's proposal to switch the "restricted subsidiary" in its two bond indentures.... More
MBIA (MBI) Slumps as BofA (BAC) Commences Senior Notes Tender Offer
November 13, 2012 2:05 PM ESTMBIA, Inc. (NYSE: MBI) shares are getting hit after Bank of America (NYSE: BAC) said it was commencing a tender offer on any and all of the outstanding 5.70% Senior Notes due 2034 (CUSIP No. 55262CAJ9) ssued by MBIA Inc.
Shares are now down 5.7 percent on the session.... More
