(Reuters) - Pennsylvania's largest bank announced the purchase three
months after paying $6 billion for Baltimore's Mercantile
Bankshares Corp., becoming the 10th-largest U.S. bank.
Yardville shareholders will receive 0.2923 of a PNC share
and $14 in cash for each of their shares. The terms value the
company at $35 per share, a 2 percent discount to the stock's
Wednesday closing price of $35.77 on the Nasdaq.
Read more at Reuters.com Bonds News
months after paying $6 billion for Baltimore's Mercantile
Bankshares Corp., becoming the 10th-largest U.S. bank.
Yardville shareholders will receive 0.2923 of a PNC share
and $14 in cash for each of their shares. The terms value the
company at $35 per share, a 2 percent discount to the stock's
Wednesday closing price of $35.77 on the Nasdaq.
Read more at Reuters.com Bonds News
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