Bank of America - First Interstate Bancorp launched such a bid in the fall of 1986
Time: 1986
Place: Charlotte, North Carolina, U.S.
Details: The losses resulted in a huge decline of BankAmerica stock, making it vulnerable to a hostile takeover. First Interstate Bancorp of Los Angeles (which had originated from banks once owned by BankAmerica), launched such a bid in the fall of 1986, although BankAmerica rebuffed it, mostly by selling operations.
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