Tables: Buyers | Sellers
WITH SHARES OF MERRILL LYNCH (ticker: MER) sinking ever lower, eight
insiders, including Chief Executive Officer John Thain, bought $17.7 million of
the brokerage giant's stock during its recent stock offering.
The insider purchases were all made on Tuesday, at a price of $22.50 a share,
in Merrill's offering of 380 million shares to shore up its capital base. The
firm has been reeling from billions of dollars in write-downs.
Chairman and CEO Thain purchased 500,000 shares for $11.3 million. He now
owns 791,068 shares directly and 250,000 shares through trusts.
President Gregory Fleming purchased 100,000 ...