The $3.45 billion purchase price Pittsburgh-based PNC Financial has agreed to pay for Raleigh-based RBC Bank USA RBC Bank USA includes $1 billion in PNC common stock, deliverable at the time of the deal’s closing early next year. How much of the $1 billion actually gets handed over, however, depends on what happens to RBC Bank’s troublesome loan portfolio over the next nine months.
PNC Financial’s purchase price for RBC could drop due to loan performance
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