Canadian Imperial Bank of Commerce (NYSE:CM) finally did something investors have wanted for years, making a big splash south of the border by spending $4.9 billion to acquire Chicago-based PrivateBancorp.
The deal will be 40% financed by cash on hand and 60% financed by the issuance of more than 30 million new CIBC shares.
When the purchase …View the full post at: CIBC (CM) Gains U.S. Exposure With $4.9 Billion PrivateBancorp Deal …
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