PNC to Buy RBC U.S. Unit: Report
NEW YORK (TheStreet) — PNC Financial Services has agreed to purchase the U.S. retail banking unit of Royal Bank of Canada, according to a published media report. The price tag will be $3.45 billion, according to a report on The Wall Street Journal’s Web site that cited anonymous sources familiar with the transaction. That represents a small $112 million discount to the book value of Royal Bank …
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