Fed: Bank of Montreal Can Acquire Marshall & Ilsley Corp
June 21 2011 - 9:59AM
Dow Jones News
WASHINGTON (Dow Jones)- Bank of Montreal (BMO) can acquire
Marshall & Ilsley Corp. (MI), M&I Marshall & Ilsley
Bank and its nonbanking subsidiaries, the Federal Reserve said
Tuesday.
The Fed issued an order saying that Bank of Montreal can acquire
Marshall & Ilsley Corporation of Milwaukee, and its two
subsidiary banks, M&I Marshall & Ilsley Bank of Milwaukee,
and M&I Bank of Mayville, Wisconsin.
Bank of Montreal bought Marshall & Ilsley Corp. for $4.1
billion in December.
-By Jamila Trindle, Dow Jones Newswires; 202-862-6684;
jamila.trindle@dowjones.com
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