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Liberty Mutual raises stake in BofA
Thursday 13 August 2009

US insurer Liberty Mutual Group Inc said yesterday it has boosted its stake in Bank of America (NYSE:BAC) to below 1%.

Liberty Mutual acquired 3.51 million shares in Bank of America, making it its biggest equity holding for the second quarter. Prior to that, Liberty had decreased its stake in Bank of America from 700,000 shares in 2008 to 87,935 in the first quarter of 2009.

Furthermore, Liberty Mutual raised its holdings in Wells Fargo (NYSE:WFC), JPMorgan Chase & Co (NYSE:JPM) and Goldman Sachs (NYSE:GS) in the second three months of 2009.
Date Published: 13/08/2009
Target: Bank of America
Country: USA
Sector: Banking/Financial services, Insurance
Type: Stakebuilding
Status: Closed
Buyer: Liberty Mutual Group Inc