PNC and National City Shareholders Approve Acquisition
PNC expects transaction to close on December 31, 2008
Dec 23, 2008
PITTSBURGH, Dec. 23 /PRNewswire-FirstCall/ -- The PNC Financial Services Group, Inc. announced at a special meeting today that its shareholders approved the issuance of shares of PNC common stock in connection with the acquisition of National City Corporation . In a separate meeting today, National City stockholders approved the acquisition, which is expected to close on Dec. 31, 2008. Both shareholder groups approved the transaction by a substantial margin.
The PNC Financial Services Group, Inc. (http://www.pnc.com) is one of the nation's largest diversified financial services organizations providing retail and business banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management; asset management and global fund services.
SOURCE: The PNC Financial Services Group, Inc.
Web site: http://www.pnc.com/
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