Is the Bank of America-Merrill deal in trouble?

Shares of both Bank of America and Merrill Lynch have plunged ahead of their deal, resulting in an ever widening spread that some think reflects a lack of confidence that the deal will be consummated. Indeed, there are some reasons to doubt. The New York Post reports that opposition has been growing in recent weeks, mainly over the price the big Charlotte bank agreed to pay. While Proxy Governance favors the deal, RiskMetrics Group and Glass Lewis have yet to weigh in--they are scheduled to this week. We may see some tinkering of the terms. Bank of America shareholders do seem more restive

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