Canadian vs. US Banks--Better PE and rising C$ Message Board

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Non-Tech : Canadian vs. US Banks--Better PE and rising C$

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To: Doug who wrote (164)	1/23/1998 1:23:00 PM
From: Doug	Read Replies (1) of 230

BMO/Valuations BMO& RY have agreed to merge into a new Bank. Shareholders of BMO will get 0.97 of the new bank ; whilst RY gets 1. RY is currently trading at $76 Cdn. BMO moved up to $74 when trading opened after the halt but has backed off by $9-10 since. At 11.30 BMO was at the $64 level. whilst RY was at the $76 level. Does any one have any explaination for this. Thx.

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