24.12.2007 15:00 Real Estate
NEW YORK (Reuters) - Merrill Lynch & Co Inc (MER.N), hit by huge subprime mortgage losses, said on Monday it would boost its capital by raising up to $6.2 billion in a private placement with Singapore's Temasek Holdings and Davis Selected Advisors.
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Merrill Lynch expects these transactions to close by mid-January 2008.
(Reporting by Tim McLaughlin; Editing by Derek Caney)
