(Reuters) - NEW YORK, June 18 - Merrill Lynch & Co. Inc. plans to delay selling off some $400 million of assets seized from a hedge fund managed by Bear Stearns, CNBC said on Monday.
Merrill is delaying selling the assets until it hears the troubled hedge fund's plan to recapitalize, the network reported. Merrill and Bear are expected to discuss the plan on Monday or Tuesday, CNBC said.
Read more at Reuters.com Bonds News
Merrill is delaying selling the assets until it hears the troubled hedge fund's plan to recapitalize, the network reported. Merrill and Bear are expected to discuss the plan on Monday or Tuesday, CNBC said.
Read more at Reuters.com Bonds News
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