SHAREHOLDER CHALLENGES M&I SALE
Friday, December 24th, 2010 -- 8:26 AM
The sale of 'Wisconsin's' largest bank has run into some opposition from a current shareholder.The shareholder from New York claims Harris Bank, a subsidiary of BMO Financial Group of Toronto, is taking advantage of the current market conditions and acquiring M&I for a bargain price.
Harris Bank wants to acquire M & I Bank for $4.1-billion, or $7.75 per share.
The stockholder claims his M&I stock was worth $10.66 a share as recently as April 21.
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