PNC Financial to buy RBC unit for US$3.45b

NEW YORK, June 20 — PNC Financial Services Group Inc has agreed to buy Royal Bank of Canada’s US retail bank operations for US$3.45 billion (RM10.48 billion) in cash and stock, two people familiar with the matter said yesterday. For the stock component of the deal, PNC has the option to deliver up to US$1 billion in stock, one of the sources ...

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Source: The Malaysian Insider

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