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 …
Related Articles:
Netflix (NFLX) May Allow Users To Download Videos
Ray Lewis’ Endorsement Could Create Powerful Inflection For This Company’s Shares
Facebook Inks Deals to Live Stream Video
Lithium Supply Strategically Important to Tesla as EV Demand Grows
