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0.000216450216450173 0 0 0.00054112554112551 0.00054112554112551 0.00054112554112551 0.00054112554112551 0.00054112554112551
Stock impact report

Shareholders greenlight Fifth Third merger with Comerica [Yahoo! Finance]

Comerica Incorporated (CMA) 
Last comerica incorporated earnings: 4/21 06:34 am Check Earnings Report
US:NYSE Investor Relations: investor.comerica.com
Company Research Source: Yahoo! Finance
In separate shareholder meetings, Fifth Third and Comerica investors approved the merger with 99.7% and 97% of votes, respectively. The acquisition, first announced in October, is still subject to regulatory approval, but is expected to be completed by the end of March, the companies said in a statement "We'll create a more dynamic, resilient institution with the scale and capabilities to deliver exceptional value for our customers, communities, and shareholders," Fifth Third CEO Tim Spence , said in a statement announcing shareholder approval. While the deal is not expected to change Fifth Third's hometown banking landscape, it will expand the lender's reach into the Southwest: Texas, Arizona and California. Fifth Third said the merger would give it operations in 17 of the 20 fastest-growing markets in the country. The deal adds more than 350 bank branches to Fifth Third's almost 1,100 locations. Fifth Third said it expects to make about $850 million in cuts or "cost synergies Show less Read more
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