Thursday, June 29, 2006
CIBC Finalizes Deal on FirstCaribbean
The Wall Street Journal, 29 June 2006Barclays Bank PLC said it entered a definitive agreement with Canadian Imperial Bank of Commerce for the sale of Barclays' 43.7% shareholding in FirstCaribbean International Bank Ltd.As previously announced, CIBC will pay a price of U$1.62 per FirstCaribbean share, valuing Barclays' stake at about U$1.08 billion. The transaction, which is subject to regulatory
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