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Update: Summit Rises Nearly 11% on Report of Merger Talks with FleetBoston
Updated from 3:47 p.m.
Shares in Summit Bancorp (SUB Quote) rose nearly 11% in response to a Wednesday Wall Street Journal article that said the company was in talks to be acquired by FleetBoston Financial (FBF Quote).
The Wall Street Journal, citing people familiar with the matter, did not report terms of any deal, and said talks could still collapse.
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