Calculated Risk: PNC to Acquire National City
One year ago NatCity shares were going for about $25.
The PNC Financial Services Group, Inc. and National City Corporation today announced that they have signed a definitive agreement for PNC to acquire National City for $2.23 per share, or an aggregate fixed amount of approximately $5.2 billion in PNC stock. Additionally $384 million of cash is payable to certain warrant holders. ...
One year ago NatCity shares were going for about $25.
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