Terms call for Countrywide stockholders to receive 0.1822 of a share of Bank of America stock in exchange for each share they own. The purchase is expected to close in the third quarter. It's expected to be neutral to Bank of America earnings per share in 2008 and contribute to the buyer's bottom line in 2009, excluding merger and restructuring costs. Bank of America expects $670 million in after-tax cost savings in the transaction, fully realized by 2011.