BofA’s asset management unit gets lukewarm bids: report

July 1st, 2009 by Benedictus | Posted under Finance | .

(Reuters) – Bank of America Corp’s primary investment management unit is drawing lower than expected bids after its likeliest suitor, BlackRock Inc , inked a blockbuster deal to buy Barclays Global Investor , the Financial Times reported, citing people close to the matter.

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