ABN Amro to Acquire Michigan National for $2.75 Billion
ABN Amro
(ABN)
agreed to acquire
Michigan National
, Farmington Hills, Mich., for $2.75 billion in cash.
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Michigan National, a commercial bank holding company, is a unit of
National Australia Bank
(NAB)
.
The companies expect to close the deal by the end of the first half of 2001, pending regulatory approval.
