APG sues BofA over Merrill merger

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NETHERLANDS/US - Dutch asset manager APG has filed a suit against Bank of America (BofA) alleging the firm misled shareholders in the lead-up to its acquisition of Merrill Lynch.

APG expects to recover between US$30m and $90m, said spokesman Thijs Steger. In a statement, APG said BofA "withheld material information from its shareholders" and alleged the bank knew Merrill...

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