Could anything stop the Countrywide acquisition by bac at this point? TY?

Question

(I mean, realistically.)

Answer 1

No because it was approved the other day.  It is a done deal.

And before anyone complains, keep one thing in mind....the whole thing is being headed by a Countrywide person, not BoA.  But then BoA was the dumb one for putting a CW person in charge of the whole thing.

Answer 2

It got SEC approval, but the shareholders could still reject it.

Answer 3

I do not agree with A W. Just because the deal was approved by the government agencies doesn't mean it can still not be completed.

BAC may not want to pay the previously agreed upon exchange rate(.1822 BAC/1 CFC) as the state of CFC is worse than thought. They may try for a better price/exchange that CFC won't agree to. As it is scheduled to close this quarter(within 3 months) something unforeseeable could still derail it.

I am not saying this will happen and I hope it doesn't as I may take a stake in it this week, but it could.

Answer 4

Countrywide shareholders must still approve the deal.  Their stockholders meeting will take place on June 25, 2008.  

Realistically?  I expect they will approve it.

Regarding the rumors that BAC may back out, BAC is consistently saying that they intend to go through with the deal.