Banknorth sought other deals
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Banknorth Group Inc. solicited bids from several other large banks before deciding that a Canadian bank could acquire a majority stake in the company, chief
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LONDON/ZURICH  - Barclays  has not ruled out adding cash to the terms its ABN AMRO offer should it need to boost its bid to fight off a rival offer from a consortium of banks led by Royal Bank of Scotland, a source familiar with the matter said on Wednesday.
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HypoVereinsbank, Germany's second biggest bank, said it had agreed to buy a portfolio of loans to mid-size corporate customers from ING BHF-Bank, the German arm of Dutch financial services group ING.
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Toronto Dominion Bank will acquire 51 percent of US-based Banknorth Group Inc. in a $3.8 billion cash and stock deal that will allow TD to expand its reach in the Northeastern United States, TD said Thursday.
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Gold Fields, Harmony and Norilsk Nickel are discussing alternative transactions to the current offer by Harmony for Gold Fields - and shareholders should act cautiously in the meantime, Gold Fields announced on Monday.
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LONDON/PARIS  - U.S. pharmaceutical company Bristol-Myers Squibb has hired additional Wall Street banks ahead of a possible offer from French peer Sanofi-Aventis, people familiar with the situation said on Wednesday.
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Toronto Dominion Bank (TD.TO: Quote, Profile, Research) said on Wednesday that it is in talks with US-based Banknorth Group (BNK.N: Quote, Profile, Research) about a possible deal, in line with the Canadian bank&#39;s push for
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The company said the move was part of its ongoing integration of FleetBoston Financial, which it bought last year. Bank of America, the largest retail bank in the US, said the cuts would not violate any job
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Canada&#39;s Toronto Dominion Bank said Wednesday it is in talks with US-based Banknorth Group about a possible deal, while a published report said the two parties are in advanced negotiations that could lead to a $2.
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As criticism mounted yesterday over Banknorth Group's pending deal with a Canadian bank, chief executive William J. Ryan defended his decision to sell a majority stake in New England's largest independent bank, saying it is in the shareholders' best interest.
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Toronto-Dominion Bank is in the final stages of negotiations to take a controlling interest in New England regional bank Banknorth Group Inc. in a transaction worth as much as $3.5 billion, according to executives involved in the talks.
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Bank of America Corp. chief executive Kenneth D. Lewis reaffirmed his bank's commitment to New England yesterday in a round of meetings in Boston with state and city officials, but he still declined to specify how many Massachusetts jobs the bank will cut as a result of its $48 billion acquisition of FleetBoston Financial Corp.
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Toronto-Dominion Bank , Canada's second-largest lender, plans to make ''major acquisitions&quot; in the United States over the next few years after completing its proposed $3.1 billion purchase of a majority stake in Banknorth Group Inc. , chief executive Edmund Clark said.
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Canada's Bank of Nova Scotia   BNS.TO confirmed on Friday it was looking out for   acquisitions in Malaysia but denied a report that it planned to   buy an indirect stake in the country's fourth-biggest lender.
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Banknorth Group of Maine confirmed yesterday that it was in merger talks with TD Bank Financial Group of Canada, a move that would end Banknorth&#39;s short reign as New England&#39;s largest independent bank.
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MELBOURNE (Dow Jones)--Australian surfwear company Billabong International Ltd. (BBG.AU) said Monday it will need to consider more acquisitions as part of an effort to bolster the range of products it sells.
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New Century Financial Corp.  said on Monday it had received letters from several of its lenders, including Bank of America Corp. , seeking remedies for its financial obligations.