Tuesday, April 3, 2007

Marshall & Ilsley to split into two public firms

(Reuters) - Upon completion of the transaction, Marshall & Ilsley shareholders will receive one share of Marshall & Ilsley Corp. stock and one share of Metavante Corp. stock for every three shares of Marshall & Ilsley stock held.

About $1.75 billion of new Metavante Corp. debt will be arranged by J.P. Morgan Securities Inc. and Morgan Stanley.


Read more at Reuters.com Business News

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