Friday, June 16, 2017

Equity Trader Alert #2017 - 132
(UPDATED) Information Regarding the Merger of PrivateBancorp, Inc. (PVTB)

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  • Industry Announcement

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At a special meeting held on May 12, 2017, shareholders of PrivateBancorp, Inc. Common Stock (PVTB) approved a merger with Canadian Imperial Bank of Commerce (NYSE: CM). The merger will become effective at 12:01 am on Friday, June 23, 2017. The details are as follows:

Company: PrivateBancorp, Inc.
Issue: Common Stock
CUSIP#: 742962103
Symbol: PVTB
Marketplace Effective Date for Suspension: June 23, 2017
Merger Consideration: $27.20 in cash and 0.4176 of a share of Canadian Imperial Bank of Commerce (NYSE: CM) for each share held.

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