Countrywide Stockholders Approve Transaction With Bank of America
June 25 2008 - 1:17PM
PR Newswire (US)
CALABASAS, Calif., June 25 /PRNewswire-FirstCall/ -- Countrywide
Financial Corporation (NYSE:CFC) today announced that at its
special stockholders meeting this morning, Countrywide stockholders
approved the merger of Countrywide with a wholly-owned subsidiary
of Bank of America Corporation (NYSE:BAC) in a stock transaction.
The holders of more than 69% of the outstanding shares of
Countrywide common stock entitled to vote approved the transaction.
The merger is expected to close on July 1, 2008, pending the
satisfaction of customary closing conditions. About Countrywide
Founded in 1969, Countrywide Financial Corporation is a diversified
financial services provider and a member of the S&P 500, Forbes
2000 and Fortune 500. Through its family of companies, Countrywide
originates, purchases, securitizes, sells, and services residential
and commercial loans; provides loan closing services such as credit
reports, appraisals and flood determinations; offers banking
services which include depository and home loan products; conducts
fixed income securities underwriting and trading activities;
provides property, life and casualty insurance; and manages a
captive mortgage reinsurance company. For more information about
the Company, visit Countrywide's website at
http://www.countrywide.com/. DATASOURCE: Countrywide Financial
Corporation CONTACT: Investors, David Bigelow or Lisa Riordan,
+1-818-225-3550, or Media, 1-800-796-8448, all of Countrywide
Financial Corporation Web site: http://www.countrywide.com/
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