Countrywide's shares drop 10% after report questions BofA bid
Posted May 6th, 2008 by Admin
The bank should walk away from the deal, an analyst says. BofA says the transaction will proceed. Countrywide Financial Corp. shares took a hit Monday after an analyst questioned the value and wisdom of Bank of America Corp.'s takeover of the Calabasas mortgage lender, but Bank of America insisted the deal would go through.