(Reuters) - NEW YORK, April 3 - Marshall & Ilsley Corp. , Wisconsin's largest bank, is working on a plan to spin off its payment processing unit Metavante Corp., according to a source familiar with the matter.
The development sent M&I shares up as much as 10 percent on Tuesday morning. By late afternoon M&I stock was up about 8.5 percent at $49.77.
Read more at Reuters.com New Issues News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment