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Article: M&I Wealth Management to Acquire North Star Financial Corporation.
- Article from:
- PR Newswire
- Article date:
- January 12, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MILWAUKEE, Jan. 12 /PRNewswire-FirstCall/ -- Marshall & Ilsley Corporation (M&I) announced today that it has signed a definitive agreement to acquire North Star Financial Corporation (NSFL), located in Chicago, Illinois. Under the agreement, M&I has agreed to pay $21 million in M&I common stock for the outstanding common shares of NSFL, or $2.89 per share of NSFL common stock. The number of M&I shares paid will be calculated based on the average closing price for each trading day in the thirty calendar days prior to closing.
The transaction, which is expected to close in the second quarter of 2007, is subject to regulatory approvals, approval of North Star's ...
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