Bank of Montreal to acquire Marshall & Ilsley

12/20/2010 | Reuters · Wall Street Journal, The

Bank of Montreal has agreed to buy Marshall & Ilsley for $4.1 billion in stock in a deal that will add to the Canadian bank's presence in the Midwest. The acquisition will more than double Bank of Montreal's branch network, which is run through its Harris Bank division. The deal could signal the beginning of a wave of consolidations among regional banks.

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