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 »
