NewsAlert: CIBC hikes bid for Chicago-based PrivateBancorp by 20 per cent

NewsAlert: CIBC hikes bid for PrivateBancorp

Toronto-based CIBC has increased its takeover offer for PrivateBancorp by 20 per cent, valuing the U.S. financial services company at about C$6.6 billion. CIBC (TSX:CM) had made its original offer in June 2016.

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The Canadian Press