Rohr Discusses Uses for Gains On BlackRock

Mazzucca, Tim
February 2006
American Banker;2/16/2006, Vol. 171 Issue 32, p1
Trade Publication
This article discusses the announcement by PNC Financial Services Group Inc.'s chief executive that it could use the proceeds from the deal between BlackRock Inc. and Merrill Lynch & Co. to pursue retail bank acquisitions. PNC's James E. Rohr said that ideally his company would like to buy a smaller one that would provide opportunities for cutting costs by consolidating back-office operations. Rohr said buying back shares of PNC is a much more likely scenario.


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