Clearing House Advisory Notices
To | Clearing Member Firms
From | CME Clearing
Subject | CORPORATE EVENTS; Countrywide Financial Corporation Inc. (“CFC”)
Notice Date | 2008-07-01
Notice Number | 08-140
Effective Date | 2008-07-02
On June 25, 2008, Shareholders of Countrywide Financial Corporation Inc. (“CFC”) voted concerning the proposed the merger with Bank of America (“BAC”). The merger was approved and subsequently consummated prior to the opening on July 1, 2008. As a result, on July 2, 2008 each existing CFC Common Share will be converted into the right to receive .1822 BAC Common Shares. Cash will be paid in lieu of fractional BAC shares. This action will be coordinated with the Options Clearing Corporation. For the full text of this advisory...