When SRM first announced an active 5.19% stake in the Calabasas, Calif.-based home lender on Jan. 31, the hedge fund at the time argued that Bank of America Corp.'s pending acquisition in which it would pay Countrywide shareholders 0.1822 of each BofA share in exchange for each Countrywide share undervalued the lender's book value.
News of SRM's increased stake comes as an April 22 Federal Reserve Bank public hearing on the merger nears. The hearing will take place at the Federal Reserve Bank of Chicago's headquarters with another hearing scheduled for April 28 and April 29 at the Fed's Los Angeles branch. - Michael Rudnick
See Schedule 13D filling from SEC Edgar
See earlier story about SRM's campaign from Dealscape
See story about deal's announcement from TheDeal.com
Activist investor SRM Global Master Fund in an April 16 amended 13D filing reported it increased its stake in troubled lender Countrywide Financial Corp. to 8.13% from a prior 5.48%. 
