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How Did Banc One Acquire First Bangkok

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Also in April 1998, Bank One had an announcement that they plan to acquire First Chicago NBD Corporation. The acquisition cost about twenty nine billion dollars and was also the fifth largest U.S bank holding up to $231.7 billion worth of assets. The combined firm also turned out to be the second largest credit card company in the United State of America with 269.7 billion dollars in assets and 145.6 billion dollars in deposit (Robert). Base on the agreement, Banc one would swap 1.62 shares for each First Chicago share, which helps Banc One shareholders own about 60 percent of the new firm. The new Banc One will have more than 2,000 bank branches in five states stretching from Wisconsin to Ohio along the Great Lakes, as well as such fast-growing
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