Merrill buys First Republic to beef up banking services
Article Abstract:
Merrill Lynch and Company Inc. of the United States is to acquire First Republic Bank of the United States for approximately $1.8 billion. The acquisition will give Merrill Lynch and Company Inc. an elite private banking firm and a commercial bank with 43 branches. Share bid offer was $55 per share, a 44 percent premium on First Republic Bank share close on Friday of $38.30.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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Chicago deal could force rivals' hands; second city pact might pressure exchanges world-wide to unite; NYSE weighed bids for CBOT
Article Abstract:
The planned merger of the Chicago Board of Trade and Chicago Mercantile Exchange Holdings Inc. is putting pressure on other exchanges in the United States and Europe to pursue their own mergers. The New York Stock Exchange, which previously considered a merger with the Chicago Board of Trade, has agreed to merge with Euronext N.V. , but the deal has yet to be voted on.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2006
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Comment about this article or add new information about this topic:
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