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Article: Merrill Lynch Response Regarding Enron Relationship.

Article from:
Business Wire
Article date:
July 30, 2002
Copyright

Business Editors

NEW YORK--(BUSINESS WIRE)--July 30, 2002

Merrill Lynch & Co., Inc. (NYSE:MER) today issued the following statement in response to allegations raised in a Senate subcommittee hearing or previously reported in the news media regarding its business relationship with Enron:

"Merrill Lynch strongly believes that our limited dealings with Enron were appropriate and proper. At no time did we engage in transactions that we thought were improper."

Regarding Merrill Lynch research coverage of Enron, the company said:

"At no time was Merrill Lynch's research compromised. Our ratings represented the independent views of ...

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