Fifth Third Beat Out BMO Harris’ Higher Offer to Buy MB Financial


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Crain’s Business Journal reported that Toronto-based BMO Financial Group made a higher offer than Fifth Third Bank to acquire MB Financial, but MB’s board voted to go with the U.S.-based bank.

According to Crain’s, a SEC filing revealed BMO offered $56 per share to MB Financial versus $53.35 from Fifth Third.

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Terry Mulreany
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