PNC and National City Shareholders Approve Acquisition
PNC expects transaction to close on December 31, 2008
PITTSBURGH, Dec. 23 /PRNewswire-FirstCall/ -- The PNC Financial Services
Group, Inc. (NYSE: PNC) announced at a special meeting today that its
shareholders approved the issuance of shares of PNC common stock in connection
with the acquisition of National City Corporation (NYSE: NCC). In a separate
meeting today, National City stockholders approved the acquisition, which is
expected to close on Dec. 31, 2008. Both shareholder groups approved the
transaction by a substantial margin.
The PNC Financial Services Group, Inc. (http://www.pnc.com) is one of the
nation's largest diversified financial services organizations providing retail
and business banking; specialized services for corporations and government
entities, including corporate banking, real estate finance and asset-based
lending; wealth management; asset management and global fund services.
