City National Corporation Announces Definitive Agreement to be Acquired by Royal Bank of Canada
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City National (CYN) Misses Q4 EPS by 2c
January 22, 2015 7:17 AM ESTCity National (NYSE: CYN) reported Q4 EPS of $1.10, $0.02 worse than the analyst estimate of $1.12. Revenue for the quarter came in at $325 million versus the consensus estimate of $335.31 million.
For earnings history and earnings-related data on City National (CYN) click here.
... MoreRoyal Bank Of Canada (RY) to Acquire City National (CYN) in $5.4B Deal
January 22, 2015 7:03 AM ESTRoyal Bank Of Canada (NYSE: RY) announced that it has entered into a merger agreement to acquire City National Corporation (NYSE: CYN), a premier U.S. private and commercial bank serving high net worth and commercial clients. RBC will pay, on average, approximately US$47.25 in cash and 0.7489 of an RBC common share for each share of City National common stock. City National stockholders will be entitled to elect to receive the merger consideration in RBC common shares or cash, subject to certain adjustments and limitations.... More
