CIBC to Buy Barclays' Caribbean Stake for U$1.1 bln

Reuters, Cameron French, 13 March 2006 ($ in U.S. dollars unless noted)Canadian Imperial Bank of Commerce said on Monday it will buy a 43.7 percent stake in FirstCaribbean International Bank from Britain's Barclays Plc for $1.08 billion.The cash and stock purchase will give Canada's No. 5 bank an 87.4 percent stake in Barbados-based FirstCaribbean, which was formed four years ago from the merger