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Europe Daily Bulletin No. 9284

12 October 2006
Contents Publication in full By article 38 / 43
ECONOMIC INTERPENETRATION / (eu) banking

In the USA the FINANCIAL SERVICES GROUP has acquired MERCANTILE BANKSHARES for around €6bn. The offer will be made in both cash and shares. The parity retained for the merger ranges from 0.4184 for PNC shares and $16.45 in cash for each MERCANTILE security. The $17bn in assets provided by MERCANTILE BANKSHARES, will make FINANCIAL SERVICES GROUP the tenth biggest US bank.

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION
SUPPLEMENT