TITLE

Business-Line Deals Heat Up as M&A Stays Stalled

AUTHOR(S)
Horwitz, Jeff
PUB. DATE
February 2010
SOURCE
American Banker;2/11/2010, Vol. 175 Issue 23, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses vigorous activity in the sale of business lines by U.S. firms. Among many deals have been the sale of Wilshire Credit Corp. by Bank of America Corp., and the sale by PNC Financial Services Group inc. of its investment-servicing operations. Business lines that can generate immediate cash flow are particularly attractive targets.
ACCESSION #
48067045

 

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