Then again, the reporter is based out of Bangalore... wtf?
First Republic holders get more time on Merrill deal options
July 19 (Reuters) - First Republic Bank (FRC.N: Quote, Profile, Research) said Merrill Lynch & Co. Inc. (MER.N: Quote, Profile, Research) extended the deadline to opt for cash or shares of Merrill common stock related to First Republic's merger with a unit of Merrill.
The date has been extended to the fifth business day prior to the closing date of the acquisition, and the extension has been made to align with the regulatory approval process, First Republic said in a statement.
In January, Merrill had agreed to buy First Republic, which caters to the rich, and specializes in luxury home lending, for $1.8 billion. (Reporting by Ankur Relia in Bangalore)