Sunday, Dec 04, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Economy

Fifth Third: Takeover rumor unsubstantiated

CINCINNATI Fifth Third Bancorp Inc. shares settled down yesterday after climbing signifi cantly Tuesday from rumors

that the banking company was possibly to be taken over.

Company Chief Executive George Schaefer told his staff in memo that there was an unsubstantiated rumor on the Web site of WLWT-TV in Cincinnati that the 11th-largest U.S. bank might merge with Wells Fargo & Co. or U.S. Bancorp, respectively the No. 5 and No. 6 U.S. banks.

Fifth Third s stock dropped 49 cents yesterday to close at $38.30 a share after climbing $1.68 on Tuesday.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…