AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
BUSINESS NEWS.(TO THE POINT)
FINANCE
Royal Bank of Canada to acquire
brokerage Tucker Anthony Sutro
Royal Bank of Canada will buy the brokerage for $625 million, giving it a foothold in the Northeastern U.S. Canada's No. 1 bank will pay $24 a share for the Boston-based firm. It plans to merge Tucker Anthony with Midwest securities firm Dain Rauscher Wessels. Royal Bank may ax more than 1,000 jobs, or over 37% of Tucker's staff, a Tucker source said. Tucker Anthony last week confirmed widespread rumors that it was in talks with an unnamed buyer, but its shares fell when it said the purchase price might be less than its market value then.
Cigna misses goals, cuts outlook
The No. 3 U.S. health insurer said second-quarter profit rose 1% to $1.73 a share, missing targets by 4 cents. Revenue slid 6% to $4.7 billion. Rising medical costs hurt results and could hurt the rest of 2001, ...
- ROYAL BANK OF CANADA AGREES TO ACQUIRE TUCKER ANTHONY SUTRO CORPORATION.
- Press release article from: PR Newswire August 1, 2001 700+ words
...Massachusetts - Royal Bank of Canada (TSE, NYSE: RY) and Tucker Anthony Sutro Corporation...agreement by which Royal Bank will acquire Tucker Anthony Sutro and merge...acquisition of Tucker Anthony Sutro extends Royal Bank of Canada's...
- In Brief: Canada's Royal Bank Buys Tucker Anthony.(Brief Article)
- Magazine article from: American Banker Mandaro, Laura November 2, 2001 700+ words
Royal Bank of Canada completed...million purchase of Tucker Anthony Sutro on Thursday...eliminated 500 of Tucker Anthony Sutro's 2...retained all of Tucker Anthony's 900 brokers...purchase makes Royal Bank the ninth largest...
- Royal Bank of Canada Completes Acquisition of Tucker Anthony Sutro, Begins...
- Press release article from: Business Wire November 1, 2001 700+ words
...Nov. 1, 2001 Royal Bank of Canada (NYSE...acquisition of Tucker Anthony Sutro and has...Gordon M. Nixon, Royal Bank's president...The addition of Tucker Anthony Sutro gives us...subsidiary of Royal Bank of Canada (NYSE...Dain Rauscher and Tucker ...
- Tucker Anthony Sutro Shareholders Approve Royal Bank of Canada Acquisition.
- Press release article from: Business Wire October 16, 2001 700+ words
...Oct. 16, 2001 Tucker Anthony Sutro (NYSE:TA...of the company by Royal Bank of Canada, as announced...of October, 2001. Tucker Anthony Sutro (NYSE:TA...Asset Management. Tucker Anthony Sutro's business...
- TUCKER ANTHONY BECOMES DAIN RAUSCHER.(Business)
- Newspaper article from: The Post-Standard (Syracuse, NY) March 8, 2002 700+ words
...Center offices of the Tucker Anthony Sutro brokerage in Syracuse...mark final integration of Tucker Anthony into Minneapolis-based...which began last fall when Royal Bank of Canada bought Boston-based Tucker Anthony for about $625 million...
- Tucker Anthony Sutro axing 500 - Company combining with Canadian unit.(Business)
- Newspaper article from: The Boston Herald Walsh, Tom October 17, 2001 700+ words
Job cuts at Tucker Anthony Sutro Corp. will...folded into the Royal Bank of Canada, sources...Canadian bank bought Tucker Anthony for $625 million...laid off as the Royal Bank moves ahead with plans to combine Tucker Anthony with Dain Rauscher...
- Reports boost Tucker Anthony shares.(Business)
- Newspaper article from: The Boston Herald Walsh, Tom July 13, 2001 700+ words
...actively looking for a buyer. Tucker Anthony stock climbed $3.40 to...familiar with the situation. Tucker Anthony officials declined comment...of the logical suitors for Tucker Anthony would be Royal Bank of Canada and West Coast...
- DEVELOPMENTS TO WATCH: In Latest U.S. Investment Foray, RBC Buys Tucker...
- News wire article from: Banking Wire September 7, 2001 700+ words
...been very popular in Boston for at least 225 years. But that may change now that Royal Bank of Canada has struck a deal to buy independent brokerage Tucker Anthony Sutro for $625 million in the latest of its U.S. acquisitions. TAS will be...
