Countrywide Merger Analysis

As far as the strategy used to secure the deal in 2008, the terms of the agreement are as follows: shareholders of Countrywide would receive a share of Bank of America stock in exchange for each share of Countrywide (Bank of America Corporation 2016, para.10). A further look indicates that “if not exercised prior to completion of the Merger, outstanding Countrywide stock options and other stock-based awards will be converted into stock options and stock-based awards with respect to shares of Bank of America common stock on otherwise substantially similar terms, with adjustments to reflect the Exchange Ratio. Upon consummation of the Merger, each share of restricted stock then outstanding will vest and be converted in the Merger into shares