PNC and National City Shareholders Approve Acquisition
December 23 2008 - 11:18AM
PR Newswire (US)
PNC expects transaction to close on December 31, 2008 PITTSBURGH,
Dec. 23 /PRNewswire-FirstCall/ -- The PNC Financial Services Group,
Inc. (NYSE:PNC) 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
(NYSE:NCC). 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. DATASOURCE: The PNC Financial Services Group, Inc.
CONTACT: Media, Fred Solomon, +1-412-762-7544, , or Investors,
William H. Callihan, +1-412-762-8257, , both of The PNC Financial
Services Group, Inc. Web site: http://www.pnc.com/ Company News
On-Call: http://www.prnewswire.com/comp/701257.html
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