Market Currents
The market isn't seeing the value for Comerica (CMA -8.4%) in its $1.03B purchase of Sterling...
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Tuesday, January 18, 2011, 2:11 PM ETThe market isn't seeing the value for Comerica (CMA -8.4%) in its $1.03B purchase of Sterling Bancshares (SBIB +16.4%). Although the deal seems to make strategic sense due to an 80% overlap of Texas-based deposits, the consensus is that Comerica paid too much.
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