Banking/Financial Services
FBF/SUB: FleetBoston Buying Summit Bancorp
FleetBoston(FBF) agreed to buy Summit Bancorp(SUB) for $7 billion in stock, giving it New Jersey's No. 1 market share. The price is a premium of more than 40% compared to its price before merger rumors on Tuesday and news on Wednesday that they were in talks pushed Summit's shares to new levels.
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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| 12,454.83 | 1,317.82 | 2,837.53 | 17.45 |
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