Toronto bank to acquire majority interest in Banknorth
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A Canadian banking group has reached an agreement to acquire a controlling interest in the parent of Evergreen Bank of Glens Falls.
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Toronto-Dominion Bank said Thursday it will buy a majority stake in Maine&#39;s Banknorth Group Ltd. for $5-billion in cash and stock, marking the bank&#39;s first move into US branch banking.
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Banknorth Group's largest shareholder, Private Capital Management, said it plans to vote in favor of the merger with Canada's TD Bank Financial Group after expressing reservations several months ago. The change increases the likelihood the merger will go through. Several of Banknorth's major shareholders had reservations because of the deal's structure. TD plans to acquire a majority stake in the ...
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Toronto Dominion Bank TD.TO, Canada's  second-biggest by assets, said on Thursday it would acquire a  majority stake of U.S.-based Banknorth Group Inc. BNK.N,  while also boosting its dividend and reporting a 17-percent  rise in profits.
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Foreign Institutional Investor Warburg Pincus International will pick up 2.75 per cent stake in Kotak Mahindra Bank for Rs 75.9 crore (Rs 759 million), subject to shareholders&#39; approval.
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Canadaâs fourth-largest bank cited turmoil in the credit markets, and said it would provide up to $13 billion in liquidity for two of its structured investment vehicles.
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Toronto (Dow Jones) -- Bank of Montreal on Wednesday said it agreed to acquire Mercantile Bancorp Inc. for $156.5 million as it moves to expand in the Midwest region of the United States.
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Capital One Financial Corp.  said on Friday it completed its $13.2 billion purchase of North Fork Bancorp Inc., becoming the 11th-largest U.S. banking company and third-largest retail bank by deposits in the New York metropolitan area.
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HSBC  , Europe's biggest bank, said on Monday it had agreed to buy a 51.02 percent stake in Korea Exchange Bank , the sixth largest bank in Korea, for about $6.3 billion cash.
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For Bank of New York, the deal will bolster its position as a leader in the securities servicing and processing business.
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he media unit of Quebecor Inc. agreed yesterday to buy the Toronto 1 television station from Chum Ltd. for 46 million Canadian dollars ($35.4 million) in cash and assets, clearing the way for Chum to complete its 265 million Canadian ...
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Canada&#39;s Barrick Gold Corp. said Thursday it was acquiring a 9 percent stake in London-based Celtic Resources Holding Ltd. - a deal that potentially gives the Canadian gold giant major clout ahead of next year&#39;s auction of Russia&#39;s biggest gold deposit.
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TORONTO - Bank of Montreal and its US subsidiary, Harris Bank, said Wednesday it will pay $197.4 million to purchase privately held Mercantile Bancorp Inc.
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Rogers Communications Inc.&#39;s media division on Wednesday said is now the sole owner of Rogers Sportsnet Inc. after purchasing the remaining 20 percent interest from Fox Sports Net Canada Holdings LLC for 45 million Canadian dollars ($36.9 million).
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Canada's Barrick Gold Corp. said Thursday it was acquiring a 9 percent stake in London-based Celtic Resources Holding Ltd. &#151; a deal that potentially gives the Canadian gold giant major clout ahead of next year's auction of Russia's biggest gold deposit.
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Canada&#39;s TD Bank Financial Group says it&#39;s discussing a &quot;possible transaction&quot; with Portland, Maine-based Banknorth Group.
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TORONTO (CP) - ING Canada Inc. is going public in a move to raise capital to pay for its acquisition of the Allianz group&#39;s Canadian property and casualty insurance operations.