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5 months ago
CORRECTED-BRIEF-PrivateBancorp says termination fee in CIBC deal revised to $198 mln
March 30, 2017 / 1:47 PM / 5 months ago

CORRECTED-BRIEF-PrivateBancorp says termination fee in CIBC deal revised to $198 mln

(Corrects headline to say termination fee was revised; termination fee now $198 mln, not $150 mln)

March 30 (Reuters) - PrivateBancorp Inc:

* Amendment to agreement and plan of merger with Canadian Imperial Bank of Commerce (CIBC) revises amount of termination fee to be $198 million - SEC filing

* Original merger agreement provided that termination fee of $150 million would be payable by PrivateBancorp to CIBC upon termination of merger agreement Source: bit.ly/2njFgTI Further company coverage:

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