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Corporate & Securities Law

: Business Law Prof Blog

PNC to buy National City with Your Money

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PNC said it would sell $7.7 billion preferred shares to the government and then announced it would buy National City for $5.2 billion in stock. The acquisition was a "take-under"; the value of the PNC shares exhcanged for National City...

Full post as published by Business Law Prof Blog on October 24, 2008 (boomark / email).

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