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August 12, 1989 | From Associated Press
Merrill Lynch & Co. said Friday that it would sell its residential real estate operations to Prudential Insurance Co. of America for more than $300 million. The transaction, which includes Merrill Lynch Realty, a residential broker with 18,000 sales representatives in 450 offices nationwide, will not have a significant effect on Merrill Lynch's net earnings, the company said in a news release.
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BUSINESS
August 12, 1989 | From Associated Press
Merrill Lynch & Co. said Friday that it would sell its residential real estate operations to Prudential Insurance Co. of America for more than $300 million. The transaction, which includes Merrill Lynch Realty, a residential broker with 18,000 sales representatives in 450 offices nationwide, will not have a significant effect on Merrill Lynch's net earnings, the company said in a news release.
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