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Wednesday, March 25, 2015

Borse Dubai selling stake in London Stock Exchange -source, (NYSE: BAC)

Borse Dubai is selling its remaining 17.4 percent stake in London Stock Exchange via an accelerated book building process, a source familiar with the situation said on Wednesday. Bank of America, Barclays and Nomura are joint bookrunners on the stake sale, which is worth around 1.5 billion pounds ($2.23 billion) based on LSE's closing price of 2,538 pence, the source told Reuters.

Bank of America Corporation (Bank of America) is a bank holding company and a financial holding company. Shares of BAC fell by 0.77% or $-0.12/share to $15.49. In the past year, the shares have traded as low as $14.37 and as high as $18.21. On average, 96513800 shares of BAC exchange hands on a given day and today's volume is recorded at 49324059.