BofA Would Rather Not Buy GMAC-like Company

BofA Would Rather Not Buy GMAC-like Company - Report

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00014143-bofa-would-rather-not-buy-gmac-like-compa/

Bank of America Corp. would prefer not to buy a finance company like General Motors Acceptance Corp., according to a report published on Wednesday.

General Motors Corp. said in mid-October that it was considering selling a controlling interest in GMAC, its finance arm. Analysts say such a sale could fetch between $10 billion and $15 billion.

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BofA Would Rather Not Buy GMAC-like Company - Report

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