RBC To Complete US$2.2bn Caribbean Acquisition

June 2008 | M&A News Alert

Royal Bank of Canada's (RBC) acquisition of RBTT for TTD13.8bn (US$2.2bn) will close on June 16. RBTT, formerly the Royal Bank of Trinidad and Tobago, announced on June 3 that it received the necessary regulatory approvals for the merger to go ahead. RBTT shareholders will receive TTD40 per share to be paid in 60% cash and 40% RBC shares.

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