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City National Corporation Message Board

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  • Reply to

    Buyout by RY is on track for 2015 EOY

    by blackoutbuzz Jul 24, 2015 6:25 PM

    Deal is cleared to proceed and is set to close Nov 2.

    @TORONTO , Oct. 7, 2015 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) and City National Corporation (CYN on NYSE) announced that they received formal regulatory approval today from the Board of Governors of the Federal Reserve System to complete Royal Bank of Canada's acquisition of City National pursuant to their merger agreement previously announced on January 22, 2015 . This follows approval from the Office of the Superintendent of Financial Institutions. The merger is expected to close on November 2, 2015 , subject to the satisfaction of customary closing conditions.

  • Per CYN CEO at the recent earnings call

    @Goldsmith also said City National has made good progress toward the completion of its merger with Royal Bank of Canada, which is expected to close later this year. The $5.4 billion deal, announced in January, was approved by shareholders on May 27. "It was particularly gratifying that 99.6 percent of the votes cast by City National shareholders were in favor of the merger, and that the merger has been endorsed by key community development organizations in the communities we serve,” Goldsmith said. “This compelling combination will create significant opportunities and enhanced capabilities for our clients, colleagues and local communities."

  • Reply to

    $93.80 Buyout

    by freshbone1 Jan 22, 2015 10:51 AM

    I'm back in CYN today at high 88's.

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