The $3.45 billion purchase price Pittsburgh-based PNC Financial has agreed to pay for Raleigh-based RBC Bank USA RBC Bank USA includes $1 billion in PNC common stock, deliverable at the time of the deal’s closing early next year. How much of the $1 billion actually gets handed over, however, depends on what happens to RBC Bank’s troublesome loan portfolio over the next nine months.
0 minute readPNC Financial’s purchase price for RBC could drop due to loan performance
June 22, 2011, 4:24pm
Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing elsewhere. So who put all these together? Our entire staff does!see full bio
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Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing elsewhere. So who put all these together? Our entire staff does!see full bio
