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Acquisitions expected by analysts from BofA filing.(Bank of America Corp)

The Business Journal - Serving Phoenix & the Valley of the Sun

| August 20, 1999 | Downey, John | COPYRIGHT 1989 Phoenix Business Journal, Inc. (Hide copyright information)Copyright

Bank of America Corp. could look to more acquisitions "in the near term," analysts say, but they disagree over what sort of acquisitions the bank wants to do.

Earlier this month, Bank of America filed a shelf registration authorizing it to sell up to $15 billion in various securities. A shelf registration does not set specific dates for sales.

The filing says the Charlotte, N.C.-based bank can use the proceeds for several purposes, including working capital, debt reduction or "the acquisition of other financial institutions."

Analysts say their expectations are not based on the filing.

"Bank of America taps the capital markets on a weekly …

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