Merrill Lynch & Co. is in renewed talks to move its headquarters to one of the new buildings which is being built on the World Trade Center site, according to the Wall Street Journal.
| MER | 11.64 |
Merrill's senior executives have discussed the possibility and have allowed the company's corporate real estate team to explore the move, people familiar with the matter told the Journal.
The talks are preliminary but a deal could still be months away or fall apart.
The Port Authority of New York and New Jersey, which owns the site, is expected to discuss the matter on Thursday and may pause the construction process to accommodate Merrill's design needs, the report said.
The Authority, to allow for design changes, may give developer Larry Silverstein a six-month extension to complete the tower Merrill is considering moving into, the Journal said. The tower is currently scheduled to be completed by 2013.

Taken from the Arabic name, means Palace of the Faith Light; is the largest resi...
The new chief executive of Royal Dutch Shell Plc faces the tallest order in Euro...
SpongeTech® Delivery Systems, Inc., the designer, producer and marketer of unique lines of reusable cleaning products for car care, child care, h...


Come and experience the trading platform that everyone talks about. Simple, fast and exciting.
Effective and Affordable Press Release Distribution Service
Take profit from the markets roller coaster. No downloads, no commissions, no spreads.