April 6 at 6:38 a.m.
Filed under:
Banking
By Dow Jones Newswires-Wall Street Journal
Bank of Montreal will drop the Marshall & Ilsley Corp. name when it combines the troubled Wisconsin lender with its existing U.S. retail unit this summer.
The Toronto-based bank will rename the combined U.S. retail bank BMO Harris Bank, a name that it said tested well in several markets, including Milwaukee and Chicago. BMO’s U.S. consumer bank was previously known as Harris Bank. The bank’s acquisition of Marshall & Ilsley, announced in December, is expected to be completed before July. Get the full story »
Dec. 17, 2010 at 7:32 a.m.
Filed under:
Banking,
M&A
By Dow Jones Newswires
Bank of Montreal will acquire Marshall & Ilsley Corp. in a stock-for-stock deal valued at about $4.1 billion, further strengthening the Canadian bank’s position in the Midwest.
Bank of Montreal said Friday that, under the definitive agreement, it’s offering 0.1257 of a share for each M&I share. Based on Bank of Montreal’s closing stock price in Toronto Thursday, the deal values M&I at $7.75 a share. Get the full story »
