BMO Financial Group said Friday that it would buy Marshall & Ilsley for about $4.1 billion in a stock-for-stock deal, strengthening its position in the U.S. Midwest and more than doubling its U.S. branch network.
BMO Financial, which also includes U.S.-based Harris Bank, said the deal with the Wisconsin-based regional lender calls for each share of M&I to be exchanged for 0.1257 of a share of BMO.
Read the complete article here.
Happy trading,
Curt
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