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

JUN 28, 2018 - 6:45 am

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.