NU Online News Service, Oct. 27, 2003, 8:24 a.m. EST – Three financial services companies acted today to liven up the financial services mergers and acquisitions market.
Bank of America Corp., San Francisco, has agreed to acquire FleetBoston Financial Corp., Boston, for $47 billion in stock.
Anthem Inc., Indianapolis, the holder of several Blue Cross and Blue Shield licenses, has agreed to acquire WellPoint Health Networks Inc., Thousand Oaks, Calif., another holder of Blue Cross and Blue Shield licenses, for $16 billion in cash and stock.